S&P doesn't see direct link of China sovereign rating with movements in China's yuan

Market news

22 September 2017

S&P doesn't see direct link of China sovereign rating with movements in China's yuan

China's urbanisation spurring mortgage borrowing despite bank restrictions on loans for home purchases
Longer-term trends in China's yuan depends on investor perception of economic performance, pace of capital account liberalisation
Still looking at credit implications for firms owned by Hong Kong govt
It looks for actual decline in China's financial risks going forward, not just stabilisation

China's finance ministry: S&P's ratings decision neglects the characteristics of China financial market's financing structure

10-year U.S. treasury yield at 2.251 percent vs U.S. close of 2.278 percent on Thursday

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