China banks

China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up

Economists polled by Bloomberg in December forecast a 25-basis point cut to the reserve requirement ratio in 1Q2024.

Your top news this week, including crypto's slide, scrutiny of Musk's Twitter moves, and China pledging to "stabilise growth".

China Merchants Bank Co. and other state-backed lenders have emerged as the biggest winners from the new regulations.

Unlike cryptocurrencies, which use distributed ledgers and strong cryptography to capture details of coin ownership and transaction, PBOC favours a centralised ledger model that will record and monitor transactions.

The legislation would apply penalties against financial institutions only if a bank knowingly does business with an official under sanction.

SINGAPORE (June 11): Bond defaults in China have been on the rise, but non-performing loans (NPL) formation has seen further moderation through still healthy corporate growth, low chance of broad-based liquidity issues, and already sizeable NPLs digested

SINGAPORE (Feb 8): UOB Kay Hian says the increase in interest rates for standby lending facility (SLF),  medium-term lending facility (MLF), and reverse repo by the People’s Bank of China will be “positive” for large banks in China.