Author: Matthew Kaminer

While China’s banking system has changed drastically over the past 20 years, one fact has remained: Chinese banks remain under the control of the government. Some of China’s largest state-controlled commercial banks are the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China and the Agricultural Bank of China. But one recent issue facing the… Continue reading The Perils of Chinese Shadow Banking →

According to data on the website of the Swiss Federal Customs Information, gold exports to China from major producer Switzerland skyrocketed in December of 2016, with more exports than any other month since January 2014. Given that China is consistently one of the world’s top gold consumers, this may not seem entirely unusual. However, it… Continue reading The Impact of the Chinese New Year On Domestic Consumer Activity →