BEIJING (Reuters) – China’s banking regulator said on Friday it is encouraging banks to speed up disposal of non-performing loans (NPLs) and will maintain its push for asset-backed securitization of NPLs. The regulator will go…
Tagged By finance
Chinese banks battle slowing loan growth, default risks loom
with more doors shut in the shadow banking, which has been a source of profits to offset the impact on net interest income.” Reporting By Shu Zhang in BEIJING and Engen Tham in SHANGHAI, additional…
China regulator says shadow banking crackdown reaches initial targets
China’s moves to crack down on illicit banking activities have achieved initial targets and 20 sets of new regulations to increase supervision will be issued this year, the chief of the banking regulator’s Prudential Regulation…
China’s regulatory crackdown hits regional banks’ balance sheets – Shanghai Securities News
SHANGHAI, Aug 18 (Reuters) – China’s crackdown on shadow banking activities has hit growth of some of its regional banks and severely shrunk their balance sheets, the official Shanghai Securities News reported on Friday, suggesting…
‘Maniacal’ focus on China puts Trump aide out of mainstream
WASHINGTON — White House adviser Steve Bannon isn’t alone in pondering America’s possibly generation-defining question about China’s emerging superpower status — but his call for an “economic war” puts him far outside the mainstream. (…
China bank loans to slow as lenders rapidly exhaust annual quotas
Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs…
Prominent China debt bear warns of $6.8tn in hidden losses
One of the most influential analysts of China’s financial system believes that bad debt is $6.8tn above official figures and warns that the government’s ability to enforce stability has allowed underlying problems to go unchecked.…
China’s suicidal debt can trigger next financial crisis
China’s huge debt pile could be the trigger for the next financial crisis as borrowing reaches unsustainable levels, according to a study from the International Monetary Fund (IMF). The IMF released its annual report on…
Alibaba Group Announces June Quarter 2017 Results
HANGZHOU, China–(BUSINESS WIRE)– Alibaba Group Holding Limited (NYSE:BABA) today announced its financial results for the quarter ended June 30, 2017. “Alibaba had a strong start to fiscal 2018, reflecting the strength and diversity of our…
IMF warns China over ‘dangerous’ growth in debt
China’s credit-fuelled economic strategy has been branded as dangerous by the International Monetary Fund in a strongly-worded statement warning that its approach risks financial turmoil. The IMF used its annual health check on the world’s…
China’s dangerous debt mountain could spark huge GLOBAL COLLAPSE, the IMF warns
Many economies that have previously rapidly built-up high debt levels have ended in disaster. And now the fund is worried China is heading in the same direction. In a report on the country’s economy, the…
JD Finance spinoff paves way for listing
JD Finance, the finance unit of China’s second biggest e-commerce player JD.com Inc, has been deconsolidated from JD as a result of the reorganization as of June 30, 2017, which is expected to pave the…
Predicting China’s endgame: Is China merely kicking the can down the road?
We analysed three common ways for unwinding the imbalances facing the economy – an US-style financial crisis, a Japan-type lost decade and a Beijing-preferred soft-landing. In this and the next updates, we will systematically compare…
