Wednesday, October 21, 2020
Tags Chinese bad debt

Tag: Chinese bad debt

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...

Most Read

Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...