Financial Industry 06 (Jun 16 - Jun 18)

Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Jul 15, 2017 7:58 am

Is China approaching a Lehman moment?

‘As the November 30 deadline draws near, the probability of event risk rises, and it is entirely possible that stock and bond markets could meaningfully sell-off’

The CBRC enacted Circular 46, which accelerates enforcement procedures against prohibited accounting practices and requires that they be reversed by November 30.


Circular #56 (March 2016): Encouraging Free Market Resolution of NPLs. Asset Management Companies (AMCs), essentially China’s “bad” banks, are required to acquire NPLs at fair market value and are restricted from pre-setting prices with the selling banks.


Circular #82 (April 2016): Restricting NPL-Concealing Vehicles or Transfers. Banks are prohibited from warehousing NPLs through transfers of beneficial rights or assuming any explicit or implicit repurchase obligations in the sale of such assets to one another.


Circular #46 (April 2017): Accelerating Enforcement and Instituting Penalties for Infractions.


Banks have taken over US$325 billion in provision expenses in the past two years alone, meaning that NPLs are increasingly being marked-to-market to allow for sales.


Source: SCMP

http://www.scmp.com/business/china-busi ... compliance
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Singapore - Market Direction 11 (Nov 14 - Dec 17)

Postby behappyalways » Wed Aug 02, 2017 6:07 pm

Singapore Banks Could Use the Skepticism
https://www.bloomberg.com/gadfly/articl ... skepticism
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Aug 12, 2017 8:35 am

Malaysia: Lack of deposits worrying banks

Large Malaysian banks -- Maybank, Public Bank Bhd., CIMB and Hong Leong Bank Bhd. -- are now earning a net interest spread of less than 2 percent, which puts them in the ranks of emerging Asia's least profitable lenders.

With deposits getting squeezed, listed Malaysian banks and their subsidiaries have raised $6.4 billion from fixed-income markets this year, the most since 2014. Less than half of it is in ringgit, though.

The growing reliance on foreign-currency debt is disadvantageous. Borrowing three-month money in the local interbank market, and using those funds to buy dollars for the same period, costs Malaysia's lenders 1.9 percent, an 60-basis-point spread over Libor.


Source: The Star

http://www.thestar.com.my/business/busi ... ing-banks/
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Tue Aug 15, 2017 7:35 am

Chinese banks’ bad loan ratio unchanged at 1.74pc, though risks remain under deleveraging drive

Source: SCMP

http://www.scmp.com/business/banking-fi ... ough-risks
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Aug 19, 2017 9:39 am

China bank loans to slow as lenders rapidly exhaust annual quotas

Limits on credit likely to raise costs of borrowing, squeezing company profit margins in world’s second-largest economy, analysts say

Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs climb further in the world’s second-largest economy.

China saw a 12.9 per cent growth in outstanding yuan loans as of the end of June.

Nomura’s China economist Wendy Chen expects this to moderate to 12.6 per cent year-on-year in the third quarter and 12.4 per cent in fourth, from 13.5 per cent in 2016.


Source: SCMP

http://www.scmp.com/news/china/economy/ ... ual-quotas
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Thu Aug 24, 2017 7:08 am

Big U.S. banks could see a 20% profit jump with deregulation

Changes to post-crisis banking rules proposed by the Trump administration could add $27 billion of gross profit at the six largest banks.

The proposed change that is likely to have the biggest impact on profit is one that would allow banks to buy U.S. government bonds entirely with borrowed money.

JPMorgan, Morgan Stanley would be biggest beneficiaries
Lower capital requirements will mean more cash to shareholders

Source: Bloomberg

https://www.bloomberg.com/news/articles ... mbergdaily
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Fri Sep 01, 2017 7:58 am

Anbang dumps Chinese state bank shares as ratings agency cites debt pressure, liquidity strains

Insurer raises 6.6 billion yuan in disposal of stock seen by some analysts as likely to have been ordered by Beijing

Source: SCMP

http://www.scmp.com/business/companies/ ... cites-debt
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Sat Sep 30, 2017 1:48 pm

The Best ETF to Buy Right Now

by TOM GENTILE

Direxion Daily Financial Bull 3X ETF (FAS).

This ETF tracks the performance of large, publicly traded financial services companies – and moves three times as fast as the index it tracks.

FAS broke out to a 52-week high in the past week, tested that old resistance level, and for now has bounced higher off of it as a new support:


Source: Power Profit Trades

https://powerprofittrades.com/2017/09/t ... /#deeplink
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Tue Oct 03, 2017 1:48 pm

China: The People's Bank of China (PBOC) implemented "targeted reduction" in reserve requirement ratio to inclusive financing, sending Chinese financials higher.
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Re: Financial Industry 06 (Jun 16 - Dec 17)

Postby winston » Wed Oct 04, 2017 6:51 am

ICBC, China Construction Bank score the biggest gains in years after PBOC cuts reserve ratio

On Saturday, the PBOC announced it would cut the reserve requirement ratio (RRR) for some banks that meet certain requirements for lending that supports small businesses, agricultural production, entrepreneurship, and education, effective 2018.


The move is estimated to inject about 220 billion yuan (US$33 billion) of liquidity into the market and provide a particular boost to the net profit of large and medium-sized lenders, including ICBC, ABC, CCB, China Minsheng Banking Corp, Shanghai Pudong Development Bank, th


Source: SCMP

http://www.scmp.com/business/companies/ ... ears-after
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