Thursday, April 15, 2021
Tags Chinese bank loans

Tag: Chinese bank loans

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...

Outstanding Total Social Financing up 10.7% YoY in August

The latest data from the Chinese central bank points to a more than 10% rise in outstanding total social financing for the...

Private Sector Accounts for over 60% of Economy Yet Just 25% of Bank Loans: CBIRC Head

The party secretary of the Chinese central bank and head of the China Banking and Insurance Regulatory Commission (CBIRC) has robust targets to drive...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...