Wednesday, October 21, 2020
Tags Chinese bad debt

Tag: Chinese bad debt

Banking

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

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

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

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

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

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

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

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

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

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

Official Audit Data Points to Surging Bad Debt in Henan Province

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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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Most Read

Chinese GDP Growth Rises to 0.7% in Third Quarter

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China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...
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Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

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A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...
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Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Economy CBNEditor - 0
Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...
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Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

Fintech CBNEditor - 0
The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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