Searcher
Le Xia
Le Xia
Chief Economist
China

Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.


He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.


He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.

Latest publications

The RMB has taken steps on its internationalization march. This ppt reviews RMB's expanding role in global trade and businesses in the past decade, strategies to increase overseas usage of RMB and "811" devaluation and its implication. The next breakthrough will be the opening-up of the domestic bond market.
Bank assets growth picked up to 7.7% in Q3 2019 supported by a higher loan growth rate. Assets quality worsened and diverged among big and smaller banks. Capital adequacy ratio dropped on faster growth in risk-weighted assets, small banks are facing deteriorating conditions in funding through NCDs and bond market.
China’s central bank announced the elimination of its previous benchmark lending rate as monetary policy rate. Moreover, they made a market-driven Loan Prime Rate (LPR) as the reference rate for banks to price their financial products. It signals the transformation of “dual-track” system to the new “single-track” system.