China falls prey to its own capital magnetism

Capital charge

Reuters

China starts new year with old "hot money" problem

Ring in the old

Coal typifies China's reform: It's hard and dirty

Back to black

Difficult second coming pays off for Chinese IPOs

Second coming

China conducts monetary policy in the shadowsChina is engaging in a shadowy version of monetary policy. Recent tinkering by the People's Bank of China, which has pushed up rates, looks targeted at parts of the "shadow banking" sector. This kind of variegated tightening might just work, simply because China's financial system is so dysfunctional.No single interest rate in China sets borrowing costs across the whole economy. Interbank lending rates, which spiked in June and again in December, get much of the attention. But half of new financing in the economy is still provided by bank loans. These are funded entirely by customer deposits which are capped at three per cent for one-year savings. June's interbank squeeze barely affected bank lending rates at all.Bond yields are rising, even for the government, which sold notes at a 16-year record yield on January 6. But for productive companies without too much debt, the cost is still bearable. Real estate developer Guangzhou R&F on Jan

Rates of grey

China's banks are coming - this time for real

Loan rangers

StanChart adds exuberance to offshore yuan race

Clear for good

Cotton pile tests China's new appetite for markets

Thread's dead

The China re-price

China fuels optimists, leaves room for pessimists

Little red blueprint

Business Standard

Four ways to tell China is serious about markets

The four 'what-ifs'

China plenum is far cry from what might have been

No drama

Doubly dysfunctional press hinders China clean-up

Don't stop the press

China's Singles' Day shows market power of one

Red Monday

China banks inch towards being global competitors

Latin lessons

Three questions to ask of China's "third plenum"

Thinking in threes

Lenovo-BlackBerry bid could squish under pressure

A mouthful of pips

For China, US debt ceiling is a paper tiger

The lender's lament

Mongolia gives a little in investment tug-of-war

Back in the saddle

If only all China's problems were as simple as Bo

Crisis management

Shanghai trade zone may give rest of China a kick

John Foley