China

Central bank's push for economic support a blow to Chinese banks

The PBOC has depended on banks for debt reprieve to virus-hit firms.

Central bank's push for economic support a blow to Chinese banks

The PBOC has depended on banks for debt reprieve to virus-hit firms.

COVID-19 outbreak may double Chinese banks' questionable loans

The loosening of regulations is a setback on China’s reformation efforts.

J.P Morgan appoints new corporate banking head in China

J.P. Morgan has appointed Tim Huang as the head of corporate banking in China, the bank announced in a press release.

China tops global mobile wallets usage

The country’s transaction value will hit $793.6b this year.

Chinese banks' asset quality to deteriorate in 2020

Officials have ordered banks to lower lending rates and extend deadlines amidst the epidemic.

China's lenders to allow higher bad loans for COVID-19-hit firms

The People’s Bank of China will support qualified firms in order to resume production.

Baoshang Bank's asset sale will dampen contagion risk: Moody's

Huishang Bank plans to buy some of its assets and form a new bank.

Asian bankers ready for nCov deal droughts

Several auctions and potential Chinese IPOs are being delayed or re-assessed.

Chinese financial firms face heightened risk from coronavirus outbreak

A significant loosening in the monetary policy will exert additional pressure on bank capital.

China banks' NPL ratio could rise up above 6% if nCov outbreak persists

This could lead to shaving off 378 basis points from the sector’s capital adequacy ratio.

China's fintech lending to grow 16% between 2017 and 2023

But weak regulations still slip through the cracks.

China leads global digital payments as market hits $4.7t in 2020

The country is expected to have 49% of the global share by 2023.

Chinese banks' asset performance deteriorates

Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.

Denmark's Saxo Bank establishes joint fintech venture with Chinese auto firm Geely

It will provide financial and regulatory tech solutions to banks and fintechs in China.

Chinese financial firms' asset quality under duress amidst sluggish credit growth

Credit pressure variations affect small banks, distressed asset management and leasing firms.

China's shadow banking assets shrinks to $8.42t in Q3

These assets now only account for 62% of the nominal GDP from 68% in 2018.