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Chinese banks

  • China’s Bank Regulator Warns of Rising Bad Loans Due to Uneven Recovery
    China’s Bank Regulator Warns of Rising Bad Loans Due to Uneven Recovery
    BEIJING—Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country's top banking and ...
    July 14, 2021BY Reuters
  • Former Chairman of China Development Bank Sentenced to Life in Prison for Graft
    Former Chairman of China Development Bank Sentenced to Life in Prison for Graft
    A Chinese court has sentenced Hu Huaibang, the former chairman of China Development Bank (CDB), to life in ...
    January 8, 2021BY Frank Yue
  • China’s Big Banks Face Fallout as Pandemic Forbearance Expires
    China’s Big Banks Face Fallout as Pandemic Forbearance Expires
    BEIJING/SHANGHAI—China's largest state-owned banks are readied for rising bad debt and increased margin pressure in the months ahead ...
    August 31, 2020BY Reuters
  • Chinese Banks Expand in Hong Kong as Foreign Banks Retrench
    Chinese Banks Expand in Hong Kong as Foreign Banks Retrench
    News Analysis The national security law imposed by Beijing on Hong Kong last month has been a boon ...
    August 22, 2020BY Fan Yu
  • Chinese Regime Forces Chinese Banks, Their Investors to Sacrifice $212 Billion
    Chinese Regime Forces Chinese Banks, Their Investors to Sacrifice $212 Billion
    News Analysis China wants its banking industry to share the pain and help to boost a slumping economy—to ...
    June 28, 2020BY Fan Yu
  • US Investors Have Increasing Exposure to Chinese Banks, Bad Loans
    US Investors Have Increasing Exposure to Chinese Banks, Bad Loans
    Commentary U.S. investors have an increasing number of reasons to financially decouple from China. Fraudulent accounting by a ...
    May 31, 2020BY Fan Yu
  • China Cuts Reserve Ratios for Some Banks, Pumps Out $79 Billion to Spur Virus-Hit Economy
    China Cuts Reserve Ratios for Some Banks, Pumps Out $79 Billion to Spur Virus-Hit Economy
    BEIJING—China's central bank said on March 13 it was cutting the amount of cash that banks must hold ...
    March 13, 2020BY Reuters
  • Unilever, 3M on List of Firms Eligible for China Loans to Ease Coronavirus Crisis: Sources
    Unilever, 3M on List of Firms Eligible for China Loans to Ease Coronavirus Crisis: Sources
    SHANGHAI/BEIJING— Shanghai has compiled a list of firms, including local units of multi-nationals Unilever PLC and 3M Co., ...
    February 19, 2020BY Reuters
  • China is Disinfecting and Destroying Cash to Contain the Coronavirus
    China is Disinfecting and Destroying Cash to Contain the Coronavirus
    As the novel coronavirus outbreak continues to batter China, the country's central bank has implemented a new strategy to contain ...
    February 17, 2020BY Wire Service
  • China’s Baoshang Bank to be Taken Over by Local Governments, State Firms
    China’s Baoshang Bank to be Taken Over by Local Governments, State Firms
    BEIJING—China's troubled Baoshang Bank will be taken over by local governments and a group of state firms, a ...
    January 21, 2020BY Reuters
  • China December New Yuan Loans Seen Lower but Hitting Record in 2019: Reuters Poll
    China December New Yuan Loans Seen Lower but Hitting Record in 2019: Reuters Poll
    BEIJING—New bank loans in China likely fell in December but lending for all of 2019 still set a record, a ...
    January 7, 2020BY Reuters
  • Hengfeng Bank Ex-Chairman Sentenced to Death With Two-Year Reprieve
    Hengfeng Bank Ex-Chairman Sentenced to Death With Two-Year Reprieve
    BEIJING—The former chairman of China's troubled Hengfeng Bank was sentenced to death with a two-year reprieve, a local ...
    December 26, 2019BY Reuters
  • US Appeals Court Upholds Ruling Against Chinese Banks in North Korea Sanctions Probe
    US Appeals Court Upholds Ruling Against Chinese Banks in North Korea Sanctions Probe
    WASHINGTON—A U.S. appeals court said on July 30 it had upheld a ruling by a U.S. judge who ...
    July 31, 2019BY Reuters
  • Surging China Interbank Interest Rates Reveal Rural Bank “Slow Motion Crisis”
    Surging China Interbank Interest Rates Reveal Rural Bank “Slow Motion Crisis”
    China’s Shanghai Interbank Offered Rate (SHIBOR) shot up to a record of 13.44 percent last week as deteriorating ...
    June 27, 2019BY Chriss Street
  • 3 Major Chinese Banks Held in Contempt in North Korea Sanctions Probe: Report
    3 Major Chinese Banks Held in Contempt in North Korea Sanctions Probe: Report
    A U.S. judge found three of China's largest banks in contempt of court for refusing to comply with ...
    June 25, 2019BY Cathy He
  • US Judge Orders Chinese Banks to Hand Over North Korea Records
    US Judge Orders Chinese Banks to Hand Over North Korea Records
    WASHINGTON—A U.S district judge has ordered three Chinese banks to comply with U.S. investigators' demands that they hand ...
    May 1, 2019BY Reuters
  • China Opens Credit Floodgates in March
    China Opens Credit Floodgates in March
    News Analysis China has opened the credit spigot. Credit growth in March exceeded all estimates after a slowdown ...
    April 14, 2019BY Fan Yu
  • Only in China: Companies Become Banks to Solve Financial Difficulties
    Only in China: Companies Become Banks to Solve Financial Difficulties
    China is desperate to solve several problems it has due to its debt to GDP ratio being north of ...
    August 3, 2016BY Valentin Schmid
  • Chinese Banks’ Bad Debt Masquerade to End Soon
    Chinese Banks’ Bad Debt Masquerade to End Soon
    Facing a challenging domestic and international economic environment, the banks’ underlying profits are deteriorating.
    May 1, 2016BY Fan Yu
  • China Paves Way to Unload Toxic Assets Onto Investors
    China Paves Way to Unload Toxic Assets Onto Investors
    China Orient Asset Management, the state-sponsored massive holder of bad debt, announced a restructuring plan Dec. 30 to ...
    January 3, 2016BY Fan Yu
  • Chinese Banks Double Down on State-Sanctioned ‘Ponzi’
    Chinese Banks Double Down on State-Sanctioned ‘Ponzi’
    China's new plan to make public its "bad banks" is likely to saddle ordinary investors, including retirees, with ...
    December 28, 2015BY Fan Yu
  • Banking, the New Frontier for Chinese Internet Giants
    Banking, the New Frontier for Chinese Internet Giants
    In 2015, online banking has become hot in China — but obstacles from the traditional banking sector are ...
    December 6, 2015BY Fan Yu
  • Peer-to-Peer Lending Could Become China’s Next Bubble
    Peer-to-Peer Lending Could Become China’s Next Bubble
    The unexpected failure of a up and coming P2P lending firm in China last year points to an ...
    September 13, 2015BY Fan Yu
  • Western Firms’ China Hiring Practices Underscore Official Corruption
    Western Firms’ China Hiring Practices Underscore Official Corruption
    Western firms are playing a risky game in hiring relatives of Chinese officials to attract new business.
    February 9, 2015BY Fan Yu
  • Chinese Bank Colludes with Insurance Company to Scam Customers
    Chinese Bank Colludes with Insurance Company to Scam Customers
    Imagine discovering that all the money in your account has disappeared through a scam promoted by your bank.
    June 25, 2012BY Annie Wu
  • China’s Big Banks Asked to Check Non-Performing Loans
    China’s Big Banks Asked to Check Non-Performing Loans
    The guidebook sets five degrees of loan risks: normal, needs attention, substandard, doubtful. and loss—the last three being ...
    June 5, 2012BY Angela Wang
  • Hard Landing of Chinese Banks on Horizon
    Hard Landing of Chinese Banks on Horizon
    The Chinese banking sector is often thought to be among the wealthiest in the world. A number of ...
    March 14, 2012BY Heide B. Malhotra
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