16 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Credit growth in August was equal to its slowest ever pace.
According to the central bank’s (PBoC) monthly credit data, released on Friday, outstanding total social financing (TSF) grew 8.1% y/y last month, down from 8.2% in July and equal to June’s expansion, which was the slowest on record.
Outst...
September 19, 2024
China’s legislators are worried about the state of local government debt. On September 10, two econ-related committees of the legislature (NPCSC) – the budget working committee and the financial and economic committee – published a report on government debt management.… Read More »
September 19, 2024
Beijing is scrambling to rebuild confidence in the venture capital (VC) industry. On Wednesday, Premier Li Qiang held a State Council meeting to discuss how to better support startup funding. Some context: Revitalizing China’s deteriorating VC industry has become a… Read More »
September 18, 2024
Urban renewal projects are hitting roadblocks due to ongoing financial distress among property developers. ICYDK: Urban renewal involves reconstructing old, shabby residential developments into high-rise apartment buildings with improved amenities. Households forced to relocate during urban renewal are compensated with… Read More »