US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.
August 23, 2018Chinese yuan reached its lowest level since end-May 2017 amid growing economic uncertainty and trade war concerns, prompting the PBOC to defend the currency by making it more costly to bet on weakness.
August 6, 2018Central bank guidance indicates a willingness to be more flexible on lending caps, as economy starts to cool and is threatened by a trade war with the US.
August 2, 2018