Friday, April 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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Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

20 Chinese Companies Pursue US Listings in First Quarter of 2021, Funds Raised Surge over 10-Fold Despite Sino-US Tensions

The first quarter saw a precipitous surge in funds raised by Chinese companies opting to list in the US, despite ongoing tense...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Singapore’s DBS Bank Plans to Grab Biggest Stake in Leading Shenzhen Lender

Singaporean multinational lender DBS Bank has unveiled plans to acquire over a tenth of equity in a major lender in the Shenzhen...