A new proposal to do away with the loan-to-deposit ratio won’t relax the primary constraints on bank lending. It should, however, mean that a greater share of lending is directed towards smaller and...

China’s banks are reporting a deterioration in loan demand that raises questions about the effectiveness of recent policy loosening. We put more weight on actual lending, which has remained strong...

Hong Kong has both the highest life expectancy and the lowest birth rate in the world. One consequence is that Hong Kong’s working age population is set to decline by more than that of any other...

Today’s doubling of the quota for local government debt swaps indicates that the central government believes the programme has so far been a success, even if banks have only been buying the new bonds...