China
Beijing’s China Renaissance said missing chairman assisting PRC authorities
Bao Fan was first reported missing on 16 February.
Beijing’s China Renaissance said missing chairman assisting PRC authorities
Bao Fan was first reported missing on 16 February.
Rising mortgage prepayment trend pressures Chinese banks’ profits
Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.
China’s new risk classification to improve banks’ transparency over bad loans: S&P
S&P estimated an NPA ratio of 7.6% as of end-2022 vs reported NPL ratio of 1.71%.
DBS secures China central bank funding for lending to green projects
PBOC will provide financial institutions with funds equal to 60% of a loan's principal.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
China overseas loan commitments dwindle as firms adapt “small is beautiful” approach
Only 28 new loan commitments were recorded in 2020 and 2021.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders.
China reopening to push up demand for retail loans: analyst
China Merchants Bank will reap full benefits of the reopening.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
Foreign banks in China face growth challenges in 2023: Fitch
Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.
China’s shadow banks scramble for new business as property credit collapses: report
One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000.
Alternative payments make up 72% of China’s e-commerce market
The e-commerce market is expected to grow 10.5% in 2022.
China’s banking sector to polarize in 2023; weak banks face failure
Overall loan growth will come below 10% in 2023, says S&P.
Expect faster credit, more government issuance in China through 2022: ING
Government spending should continue to increase in order to provide enough job stability.
China new bank lending rise in September: report
Household loans rose to CNY650.3b in September.
HSBC Global Private Banking launches Chengdu, Hangzhou units
The newly established teams are comprised of relationship managers and investment counselors.
Banks’ commercial real estate woes in China to persist for two more years: report
Property developers just posted their worst first-half earnings in over a decade.
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