government

In view of recent corporate defaults in China, Standard & Poor’s discusses what lies ahead for the country's credit market.

The deal, which included a $260 million sell-down by the government, is priced at the top of the range after being 6.7 times covered.

Over a million job seekers flock to a public servant exam as the public sector, which brings much-needed security, becomes the most desired employer.

China's culture of paternalism means that former leaders never truly give up power.

China's securities regulator wants to let ordinary investors share in the country's success, but that means diverting profits away from powerful individuals. Politics may stand in the way of such reforms.

Once again, the country's lenders will post good 2011 results, however, 2012 earnings prospects are gloomy.

China’s banking sector will have a higher non-performing loan ratio in coming years, but good profitability, strong liquidity and adequate capitalisation will enable the major lenders to absorb unexpected credit losses.