Saturday, January 23, 2021
Tags Chinese bad debt

Tag: Chinese bad debt

Chinese Banks Dispose of $880 Billion Non-performing Loans in Three Years, More than Total for Preceding Eight Year Period

The latest financial stability report from the Chinese central bank points to a sharp acceleration in efforts by banking-sector financial institutions to...

Chinese Banks Expand Bad Debt Write Offs by 96.3 Billion Yuan in Jan-Aug Period

Official data points to a sizeable expansion in efforts by Chinese banks to write-off their dud debt in 2020, as the COVID-19...

Local Finance Authorities around China Loosen Non-performing Loan Standards in Response to Coronavirus Outbreak

The financial authorities of local governments around China are loosening their recognition standards for the non-performing loans of certain enterprises within their...

China Disposed of 2 Trillion Yuan in Bad Loans in 2019: CBIRC

The China Banking and Insurance Regulatory Commission (CBIRC) has announced that it disposed of approximately 2 trillion yuan (approx. USD$289 billion) in...

ZY Bank Accused of Using “Yin-Yang Documents” to Conceal Bad Debt

A leading regional bank in China stands accused of concealing non-performing assets by means of "yin-yang documents" in the wake of a...

China’s Banking Regulator Pushes for Swift Adoption of Stricter NPL Standards

The China Banking and Insurance Regulatory Commission (CBIRC) has called for domestic lenders operating on a nationwide basis to hasten their recognition...

Official Audit Data Points to Surging Bad Debt in Henan Province

A new report from China's National Audit Office (NAO) points to a worrying volume of non-performing loans amongst some regional lenders, with...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.