Vanke fills CEO vacancy with Shenzhen finance official

Chinese banks are increasingly unwilling to offer three- and five-year deposits as they look to slash funding costs. As of early July, most of China's largest banks had capped large-denomination certificates of deposit (CDs) – resalable fixed-term deposits that require… Read More »

Local government infrastructure investment is finally picking up pace. In June, local governments issued RMB 344 billion of infrastructure special-purpose bonds (SPBs), up 12.7% y/y (qyyjt.com). This reverses three consecutive months of declining SPB issuance. Excluding SPBs used for land… Read More »

New efficiency regulations will push the solar industry's consolidation efforts into overdrive. On July 2, central regulators issued strict new efficiency standards for solar manufacturing products, such as polysilicon, cells, and modules. The regs were jointly drafted and issued by… Read More »