Islamic banking dilemmas
In a groundbreaking move, the State Bank of Pakistan (SBP) has committed to converting the country’s entire banking system into a Shariah-compliant Islamic model by December 2027. This ambitious step…
China’s policy dilemma: is boosting credit deflationary?
China’s central bank faces a major hurdle in quelling the threat of deflation: more credit is flowing to productive forces than into consumption, exposing structural flaws in the economy and…
Banks in UK assess China risks after being stung by Russia sanctions
Big banks in Britain are preparing for any future escalation of Western sanctions on China and have shared their “scenario planning” with the British and US governments, a senior banking…
China’s banks bear brunt of concerns around growth and debt
Chinese banks are facing increasing risks from rising non-performing loans (NPLs) and diminishing returns, making them a lightning rod for investors’ worries about the world’s second-largest economy. Concerns about their…
China’s debt-laden local governments pose challenges to economic growth, financial system
China’s push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 trillion…
China’s financial regulatory revamp raises hope
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party…
Policies for digital banking: Part – II
The journey in pursuit of the vision started in the early 2000s when the SBP decided to mandate banks to join one of either two ATM switches available in the…
China’s zero-Covid structures take on second lives
With China’s dropping of its “zero-Covid” policy, makeshift quarantine centres and testing booths are being repurposed as mini-libraries, information points or even housing. Since Beijing suddenly abandoned its hardline virus…
China’s top banks to issue offshore loans to help developers repay debt
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, in Beijing’s latest…
China’s financial sector: reform and development
Since the 18th National Congress of Communist Party of China (CPC), China has made impressive achievements in the financial sector and achieved new leapfrog growth in the banking and insurance…
