China

China’s new bank loans plummet in July amidst COVID fare-ups, property jitters

Analyst warned that new lending may continue to disappoint in the near term.
13 hours ago

China’s new bank loans plummet in July amidst COVID fare-ups, property jitters

Analyst warned that new lending may continue to disappoint in the near term.
13 hours ago

Property woes, unemployment threaten structure letting Chinese banks offload bad loans

NPL securitisations allows banks to sell NPLs to a vehicle.
3 days ago

Mortgage boycott threatens Chinese banks’ loan quality

This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.

Chinese depositors call to release savings from frozen assets of 6 rural banks: report

The head of these banks' parent company is on the run and wanted for financial crime.

Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products

Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.

Chinese banks face tough balancing act of keeping profits, buoying economy

Smaller banks face being left in weaker financial positions, Natixis warns.

Does geopolitics heighten risks of an East-West divide in the financial industry? 

HSBC’s potential Asia split may signal that decoupling between the West and China is growing.

Real estate woes threaten Chinese banks’ profits: Natixis

Bad loans are growing whilst new regulations' effects are yet to reflect.

Bank of Singapore appoints wealth planning head for Greater China

The bank has also hired a senior wealth planner, to be based in Singapore.

Mastercard forms Greater China Division

Greater China Division President Dennis Chang will serve as its head.

Less payment delays, longer overdue payments in China

9 in 13 sectors reported an increase in payment delays.

Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou

More than 700 employees are now based in the GBA Centre.

Chinese banks report double-digit profit growth in 2021

But they also face a difficult 2022 due to a triple whammy of challenges.

Lockdowns, travel bans hurl new headwinds at banks in China, HK

Banks are expected to perform well in Q1, but market risks are on the rise.

China’s largest banks resilient to negative shocks in 2022: Natixis

Government stimulus is expected to support loan growth throughout the year.