China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.
SHANGHAI/SINGAPORE, May 17 Cash is considered
among the hardest assets for a company to fake, which is why the
disappearance of a combined $6.1 billion from two Chinese
companies has dumbfounded investors and forced regulators to
SHANGHAI/SINGAPORE Cash is considered among the hardest assets for a company to fake, which is why the disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action.
BEIJING/SINGAPORE The amount of non-performing loans (NPLs) at China's commercial banks rose to 2.16 trillion yuan ($317.66 billion) at the end of March, the highest since the end of 2003, official data showed on Friday, as Beijing steps up efforts to curb financial risks.
SINGAPORE/SHANGHAI In a ballroom at the Vienna International Hotel in Shanghai, Mei Liangming was giving a lecture on the ins and outs of getting credit cards, rolling over debts with multiple cards, and cleaning up one's bad credit history.
BEIJING/SINGAPORE China's five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown.
BEIJING/SINGAPOREChina's five largest state-owned banks posted modest first-quarter profit growth, though slightly below expectations, as policymakers pushed lenders to make more loans to support the slowing economy.
* Top five banks post Q1 profit growth of more than 4
SINGAPORE/SHANGHAI When the major port and industrial hub of Ningbo sold China's first municipal bonds to retail investors, an amount of $43 million was snapped up in just five hours.
BEIJING/HONG KONG China's top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years.