Saturday, January 23, 2021
Tags Chinese bad debt

Tag: Chinese bad debt

Banking

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

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

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

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China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

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Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

Finance CBNEditor - 0
The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Pinduoduo Owner Applies for Payments Trademark

Fintech CBNEditor - 0
A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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