Banks' borrowing costs have been rising by a greater margin than lending rates due to three asymmetric interest rate hikes. But what does this mean for net-interest income?
Savings
Investor frenzy on new art stock exchange
After share prices on Tianjin's new "art stock exchange" ran off the scale, regulators behind the scheme were forced to step in.
When is a loan not a loan?
Official statistics show that Rmb 4,580bn was lent out in the first quarter of this year – that's over 90% of all loans extended last year and almost as much as the Rmb 5,000 lending target set for 2009. So where did all the money go?
RENMINBI COMPASS
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.
