Monday, January 25, 2021
Tags Chinese non-performing assets

Tag: Chinese non-performing assets

Non-performing Loans of Chinese Small Businesses Will Rise in 2021, Disposal to Expand in H2 2020: Banking Regulator

Senior banking officials anticipate a rise in the dud debt of micro-and-small enterprises (MSE) next year, while also flagging accelerated efforts to...

Chinese Banks Accelerate Disposal of Non-performing Assets in Wake of COVID-19

Chinese commercial banks have stepped up their efforts to dispose of their non-performing assets (NPA) in the wake of the COVID-19 outbreak...

China’s Municipal Banks Especially Susceptible to Rise in Non-performing Loans Post COVID-19: Fitch Ratings

A new report from Fitch Ratings' wholly owned Chinese bond agency highlights the vulnerability of municipal commercial banks in China to the...

CBIRC Heightens Scrutiny of Non-performing Asset Purchases by Local AMC’s

China's banking regulator has launched new measures that place greater restrictions on the acquisition of non-performing assets by local asset management firms.

Foreign Purchases of China’s Distressed Debt Doubled in 2018

Foreign investors dramatically increased their acquisition of Chinese distressed debt last year, as domestic banks still struggle to contain bad loans in...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...