China bank lending

One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000.

Government spending should continue to increase in order to provide enough job stability.

Household loans rose to CNY650.3b in September.

But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return.

This comes after new yuan loans in July fell to just a quarter of the amount in June.

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

NPL securitisations allows banks to sell NPLs to a vehicle.

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

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