Risks posed to Hong Kong banks from Chinese lending are manageable and supported by “genuine” economic activity, the city’s central bank said, as it sought to allay concerns over exposure to the mainland, where bad loans are rising.
China’s central bank chief said the nation needs only minor policy adjustments when growth is within a normal range, adding to signals that the government will avoid taking broader action to counter a slowdown.
Nigeria’s lawmakers will send the 2014 spending bill to President Goodluck Jonathan before the Easter holiday, ending wrangling that has delayed the budget by four months, Finance Minister Ngozi Okonjo-Iweala said.
Bank of France Governor Christian Noyer’s plan for packaging business loans into bonds to boost financing for small- and medium-sized enterprises will begin this month. The real beneficiaries will be the banks.