China

Number of export projects funded rises 49% year-on-year.

The newest among 10,000 BOC branches worldwide.

It soared 66.2% y-o-y.

Diversified insurance products is one.

Also Deputy Secretary-General of the State Council.

No action expected until autumn, however.

Government wants companies to cut reliance on bank loans.

It's a new smart banking subbranch.

Analyst said the central bank may have played a role.

S&P warns rising nonperforming assets are a bigger threat.

It has the weakest capital position among the Big 4 banks.

ECB to sign US$130 billion currency swap with China.

June lending falls to US$44 billion.

The sharp decline in FX inflows is one.

Over the past one week, markets have been on a roller coaster due to various global & domestic factors. One of the key concerns was ‘Chinese Credit Crunch’. China being the 2nd biggest economy in the world contributing a substantial portion of the global GDP, felt like sharing some insights regarding the same to dispel fear among the investing public.

Intends to increase transparency and reduce risk.