China’s accelerated interest rate liberalisation to increase liquidity risks

The side effects of China’s interest rate liberalisation have taken on various forms, including challenges in liquidity management, migration to high-risk borrowers and pressures on NIMs, says Moody’s.

  • 24 Oct 2012

The People’s Bank of China’s (PBoC) decision to cut interest rate twice in June and July to widen the range against which Chinese banks can benchmark their lending and deposit rates is credit negative and poses risks.

China’s new financial regime and further deregulation will lead to increased price-based ...

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 17,834.38 72 10.56%
2 Citi 16,648.84 65 9.86%
3 HSBC 14,502.17 79 8.59%
4 Deutsche Bank 10,659.15 37 6.31%
5 Standard Chartered Bank 8,423.03 47 4.99%

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5 Morgan Stanley 2,629.01 9 7.51%

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5 Standard Chartered Bank 3,538.08 13 6.50%

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