Tag Archives: China

Chinese Debt for Equity Swaps, 3 Card Monte By Another Name?

The Chinese government is bandying about debt for equity swaps as a potential cure for the overhang of corporate debt in the middle kingdom.  Much, if not most, of the bank loans in China have been made by government owned banks to … Continue reading

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Banking the Fire

The narrative of the current market downturn, bear market, correction or whatever you prefer to call it had been about oil, China and the emerging markets.  Now the banks have been put into play.  Year to date their decline has outstripped … Continue reading

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Focus on the Chinese Currency, Not the Equity Market

Chinese equities have started the new year with a series of implosions, implosions exacerbated by the authorities’ ham handed attempts to dampen volatility. Despite the sound and the fury, the Chinese stock market is a sideshow. Ownership of Chinese equities is … Continue reading

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Some Thoughts on the Yuan and Chinese Monetary Policy

China has dominated recent newsflow due to its stock market crash and the devaluation of the yuan (CNY).  The latter, I believe, is an attempt to free up the PBoC to conduct domestic monetary policy to deal with the aftermath of … Continue reading

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Apres China Le Deluge?

China’s stock market has been in the news due to its recent plunge.  The plunge follows a strong run up over the last year. Whatever the reason for the spike up and the subsequent dive, this is a Chinese problem whose … Continue reading

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