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China’s major commercial banks have a funding issue outside Beijing’s control: They’re running low on the U.S. dollars they need for activities both at home and abroad.

The combined dollar liabilities at the big four commercial banks exceeded their dollar assets at the end of 2018, their annual results show—a sharp reversal from just a few years ago. Back in 2013, the four together had around $125 billion more dollar assets than liabilities, but now they owe more dollars to creditors and customers than are owed to them.

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1-Các chính sách quyết liệt của Ngân hàng Nhà nước gần đây đã có tác dụng làm giảm nhiệt thị trường ngoại hối tuần qua; 2-Nhưng những áp lực từ nhập siêu, nợ công và nhu cầu ngoại tệ tăng mạnh đợt cuối năm, đặc biệt khi Bộ tài chính “ngỏ ý” vay Vietcombank 1 […]

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