Edition:
United States

Shu Zhang

China's credit push to small firms falters in factory heartland

Jul 23 2019

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.

RPT-ANALYSIS-Chinese firms' missing $6 bln tests regulators' resolve

May 19 2019

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 take action.

Chinese firms' missing $6 billion tests regulators' resolve

May 17 2019

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.

China bank first-quarter bad loans hit 16-year-high as regulator tightens oversight

May 10 2019

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.

Indebted Chinese seek wisdom of credit card 'goddesses' as retail lending surges

Apr 30 2019

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.

China Big Five banks post modest profit growth amid loan push

Apr 30 2019

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.

China's big banks post modest first-quarter profit growth

Apr 29 2019

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.

WRAPUP 1-China's big banks post modest Q1 profit growth

Apr 29 2019

* Top five banks post Q1 profit growth of more than 4 percent

Heart over head, Chinese retail investors rush into municipal bonds

Apr 04 2019

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.

China's top banks warn of 'fragile' bad loans scenario as economy slows

Mar 29 2019

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.

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