China’s banking sector saw its bad loan ratio rise to 1.87% at end-September versus 1.86% three months earlier as the impact of the COVID-19 pandemic lingered, the sector’s regulator said on Thursday.
Tagged By finance
China Vows to Keep Property Curbs, Evergrande Risk Seen Limited
China’s banking regulator vowed to keep its curbs on the nation’s property market, dismissing concerns that the crisis enveloping China Evergrande Group will have any major impact on the credit …
PhilRatings gives China Bank triple A rating
China Banking Corporation (China Bank) has received the highest issuer rating of PRS Aaa (corp.) with a Stable Outlook from. One of the country’s leading private universal banks with a strong …
China should proceed from reality to achieve ‘double carbon’ goal
China should experience a smooth transition and proceed from reality to achieve its “double carbon” goals, instead of using “one size fits all” method or chanting slogans without real actions, Guo …
Why China Finance Online Co. Limited (JRJC)’s Most Recent Report Reveals Some Hints About Its Future
China Finance Online Co. Limited (NASDAQ:JRJC) went up by 20.22% from its latest closing price compared to the recent 1-year high of $17.90. The company’s stock price has collected 21.58% of gains in …
Struggling Chinese developer calls off $2.6B asset sale
A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets has called off the sale of a $2.6 billion stake in a subsidiary and …
Financial sector urged to shun potential risks
China’s financial sector should further strive to cement economic growth and fend off potential risks while seeking high-level opening-up and creating a level playing field for global investors, …
China tested hypersonic weapons twice, ‘stunned’ US: Report
US president concerned about report but one expert says technology is not new as he warns of ‘pointless’ arms race.
China aims for better finance environment through regulation, innovation
China strives to create a better finance environment through strengthened laws, regulations, and innovation, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, told Xinhua …
Yahoo Finance app pulled from Chinese App Store
Yahoo Finance appears to be the latest victim of China’s suppressive internet regulations, as the iOS app used by many to access foreign news coverage is no longer available in that country’s App …
DBRS Morningstar: China’s Balancing Act: Containing Property Sector Leverage While Preserving Financial Stability
Slowing property sales and tighter financing requirements has brought Evergrande Group, China’s largest property developer, to the brink of default. Several other developers have also missed bond …
Beijing updates list of approved news sources, tightening its control over internet content
The Cyberspace Administration of China has updated a list of state-run media outlets that others are allowed to republish, as Beijing continues its crackdown on internet content.
Zero tolerance to monopoly and illegal financial activity
GUO SHUQING, secretary of the Party committee of the People’s Bank of China, and chairman of the China Banking and Insurance Regulatory Commission, recently fielded questions from the media on the …
ADVERTISEMENT
