China Mortgage
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.
Property woes, unemployment threaten structure letting Chinese banks offload bad loans
NPL securitisations allows banks to sell NPLs to a vehicle.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Thought Leadership Centre
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1. Singapore banks stretch hiring as caution deepens 2. DBS rolls out ‘tap-to-phone’ payments at MAX app 3. IPOs spur Hong Kong bank hiring rebound 4. Singapore's private banker crunch clouds $4.22t cross-border wealth boom 5. Malaysian bank asset quality holds but bad loans seen rising to 1.5%Resource Center
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Monitor Deloitte's Prashant Krishnan urged banks to transform their relationship models to meet these demands.
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