|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||0.0000 - 0.0000|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||N/A|
There are risks associated with such loose credit conditions — not least, muddying the message about reining in financial risk. In the interbank market, which is the centre of Chinese bond trading and of borrowing and lending between financial institutions, several key interest rates have fallen to levels not seen since 2015. The market-driven seven-day deposit repurchase agreement rate, which is the most closely watched indicator of liquidity conditions in the system, fell to 2.3076 per cent on Friday compared with an average 3.2134 per cent in the first half of this year and 3.353 per cent in 2017.
Moody's Investors Service says that China (A1 stable) continued to make progress on limiting risk in the financial sector with coordinated measures in the first quarter 2018, according to banking system statistics released by the People's Bank of China and the China Banking and Insurance Regulatory Commission. "In particular, we are noticing slowing asset growth and stabilizing asset quality, as well as accelerating loan growth as banks are returning to conventional lending and away from shadow banking activities," says Nicholas Zhu, a Moody's Vice President and Senior Analyst. Moody's conclusions are contained in its just-released report "Banks -- China: Quarterly snapshot of credit profiles ".
Moody's Investors Service says that the new supervisory structure implemented to strengthen the regulation of all leasing companies in China reduces risks for asset-backed securities (ABS) supported by leasing receivables, a credit positive. Until, 20 April, supervision of the sector had been split between the China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Commerce (MOFCOM).