Page 2 - Chinese Banks
China's bad loan season descends again and this time it may be really bad
The debt of local government financing vehicles and property developers are looking precarious while several trust investment firms are on shaky ground
 "China's bad loan season descends again and this time it may be really bad")
Chinese banks to feel fund-raising pain as investors fear bad loans
Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode margins
 "Chinese banks to feel fund-raising pain as investors fear bad loans")
New China rules require non-bank companies to apply for licences
Raises scrutiny ahead of Ant IPO
 "New China rules require non-bank companies to apply for licences")
China's big banks brace for lagging coronavirus risks as bad loans rise
Four of China's five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic
 "China's big banks brace for lagging coronavirus risks as bad loans rise")
China's mega banks post worst profit slump in a decade on bad debt wave
Pressured by the government to lend to businesses, loans and advances at the four big banks rose between 7% and 10% in the first half, even though bad debt surged
 "China's mega banks post worst profit slump in a decade on bad debt wave")
China's battered banks brace for future loss as bad loans rise due to Covid
As the pandemic batters economies globally, BoC, the most international of China's large state banks, said it would keep guarding against global financial market risks in the second half
 "China's battered banks brace for future loss as bad loans rise due to Covid")
China's mega banks hire tens of thousands in latest rescue mission
The four biggest state banks, led by Industrial & Commercial Bank of China Ltd., this month kicked off their autumn campus hiring, instead of in November as in previous years
 "China's mega banks hire tens of thousands in latest rescue mission")
Chinese banks to post first H1 profit drop in a decade amid pandemic pain
The big five state banks including Industrial and Commercial Bank of China, China Construction Bank, and Bank of China kick off their earnings season on Aug 28
 "Chinese banks to post first H1 profit drop in a decade amid pandemic pain")
Chinese Banks may get Rs 7,000 cr from RCom, RTL resolution plan: Report
The National Company Law Tribunal (NCLT) Mumbai is scheduled to hear the resolution plan of RCOM, RTL and RITL on Friday, the source added
 "Chinese Banks may get Rs 7,000 cr from RCom, RTL resolution plan: Report")
China's new bank loans fall further, but broad credit growth quickens
Analysts polled by Reuters had predicted new yuan loans would fall to 1.20 trillion yuan in July. The new loans were lower than 1.06 trillion yuan a year earlier
Will US cut off China's access to US dollar system? Fear grips Beijing
Under this payment system, the White House can order US banks to stop processing transactions with certain individuals, institutions and countries, thus, denying them access to the US dollar payments
 "Will US cut off China's access to US dollar system? Fear grips Beijing")
Facing heat from lenders, Anil Ambani says no desire to make personal gains
Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal
 "Facing heat from lenders, Anil Ambani says no desire to make personal gains")
Chinese banks face increased litigation to recover Anil Ambani dues
SBI moves NCLT to invoke Anil Ambani's guarantee almost two years after RCom was first sent to the Tribunal for recovery of dues by Indian creditors
 "Chinese banks face increased litigation to recover Anil Ambani dues")
Chinese banks under pressure as bad loans grow in coronavirus: Regulator
Chinese lenders recorded rising soured debt and shrinking net interest margins, a gauge of banks' profitability, amid the economic impact from a prolonged pandemic
$717-mn loan case: China banks will have to move Indian courts against ADAG
Anil Ambani, chairman of the ADA group, can challenge the order by the Commercial Division of the High Court of England
 "$717-mn loan case: China banks will have to move Indian courts against ADAG")
Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P
The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.
 "Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P")
Combined value of Chinese banks overtakes US banks: Report
Industrial and Commercial Bank of China as the world's most valuable bank, with a brand value worth $47.8 billion
 "Combined value of Chinese banks overtakes US banks: Report")
China's central bank drains $1 billion from market
The Shibor for seven-day loans increased 0.1 basis point to 2.33%
 "China's central bank drains $1 billion from market")
Chinese banks in Asian bond market
Chinese banks have occupied the top spots in the Asian bond market underwriting league tables for the first time on the back of a large, rapidly growing domestic corporate bond market and increased funding needs of companies from the world's second-largest economy.
 "Chinese banks in Asian bond market")
