Xiaoxi Zhang
China Finance Analyst
Xiaoxi covers the Chinese financial system, including banking and capital markets. She joined Gavekal Dragonomics in 2019. She has a BA international finance from the Central University of Finance and Economics in Beijing, and an MA in applied economics from Cornell University.
For Xiaoxi's article archive click here.
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Gavekal Dragonomics
August 17, 2020
Don’t Call It A Bailout
China’s government is finally rolling out a plan to aid small banks, the weakest links in the nation’s financial system. But don’t call it a bailout, Xiaoxi argues in this piece: while the government will replenish RMB200bn in capital, the money will mostly support relatively solid banks. The truly troubled banks will be shuttered or acquired.
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Gavekal Dragonomics
August 5, 2020
Bringing Back Volatility
Cleaning up the messy world of wealth-management products is still a key mission in China’s financial de-risking campaign, even if the PBOC has now had to give banks another year to work on it. In this piece, Xiaoxi explains how the regulatory crackdown is pushing the risks hidden in WMPs out into the open, increasing market volatility.
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Gavekal Dragonomics
July 30, 2020
Questions On The Digital Renminbi
The People’s Bank of China is on the way to becoming the first central bank in the world to launch a digital currency. The idea of a digital renminbi has sparked a huge amount of interest, but confusion and speculation are rampant. In this Q&A, Xiaoxi and Wei provide clear answers to some of the big questions about the digital currency.