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16 Apr Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

Posted at 11:00h in Asia

Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central government could give to its biggest lenders.“The Chinese banking system has grown rapidly since 2008,...

12 Apr Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

Posted at 12:30h in Asia

Spotlight Automotive, BMW’s 50-50 electric vehicle (EV) venture with mainland Chinese partner Great Wall Motor, is designing new models that it hopes to sell globally.Cars including models under BMW-owned brand Mini will be sold in markets such as Europe and Southeast Asia after Spotlight starts...

26 Mar China’s central bank head dissuades real estate woes as Vanke teeters towards default

Posted at 10:00h in Asia

The governor of China’s central bank talked up the country’s property market and the resilience of its financial system on Monday, as the debt pressures weighing on a leading developer have spawned more worries the crisis in the sector has yet to reach its conclusion.At...

06 Jan Vietnam, Philippines, other Asia-Pacific sovereigns face credit downgrades from flood risk if they fail to adapt: Fitch

Posted at 03:00h in Asia

Countries in south and southeast Asia are the most exposed to flooding risks in the Asia-Pacific region, and sovereigns with a lower capacity to adapt are likely to face negative rating pressure, according to Fitch Ratings.Flooding, one of the most common types of natural disaster,...

04 Jan China’s four state-backed distressed asset managers downgraded by Fitch Ratings on reduced government support, property woes

Posted at 10:05h in Asia

Fitch Ratings downgraded China’s four state-backed, distressed asset managers, following its assessment that government support is set to weaken amid the ongoing property market crisis, which it said could weigh on their asset quality and financial strength.The ratings for both China Cinda Asset Management and...

Fitch Ratings Tag

16 Apr Fitch cuts outlook for China’s state-owned banks from stable to negative citing Beijing’s limited capacity to support them

12 Apr Spotlight, BMW’s China venture, to assemble EVs including Mini cars for consumers worldwide

26 Mar China’s central bank head dissuades real estate woes as Vanke teeters towards default

06 Jan Vietnam, Philippines, other Asia-Pacific sovereigns face credit downgrades from flood risk if they fail to adapt: Fitch

04 Jan China’s four state-backed distressed asset managers downgraded by Fitch Ratings on reduced government support, property woes

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