Posted in Banking

EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources

BEIJING/HONG KONG, Sept 17 (Reuters) – One of China Evergrande Group’s (3333.HK) main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’…
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Posted in Banking

EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources

BEIJING/HONG KONG, Sept 17 (Reuters) – One of China Evergrande Group’s (3333.HK) main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters. The Chinese banks’…
Continue Reading EXCLUSIVE China Evergrande’s lenders weigh up loan losses, rolling over credit – sources
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BNP Paribas in wealth management JV talks with China’s AgBank -sources

The BNP Paribas logo is seen at a branch in Paris, France, February 4, 2020. REUTERS/Benoit Tessier SHANGHAI, Sept 2 (Reuters) – BNP Paribas’ (BNPP.PA) asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank (Finance & Banking Trends) of China (AgBank),…
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EXCLUSIVE China’s FX regulator surveyed banks, companies on yuan risk – sources

A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White BEIJING/SHANGHAI, Aug 30 (Reuters) – China’s currency regulator has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yuan, three banking…
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China cbank makes biggest weekly cash injection into banking system since Feb

A man wearing a mask walks past the headquarters of the People’s Bank (Finance & Banking Trends) of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee SHANGHAI, Aug 27 (Reuters) – China’s central bank…
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Chinese regulators summon Evergrande execs, warn on debt risks

Evergrande execs issued rare summons by PBOC, CBIRC Evergrande to actively diffuse debt risk – regulators Meeting shows Evergrande is a systemic risk – economist SHANGHAI/HONG KONG, Aug 19 (Reuters) – China’s central bank said it summoned executives of the country’s most indebted property developer, China Evergrande Group, to talks…
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China to step up scrutiny of online insurance sector – media

A man rides an electric bike past the China Banking (Finance & Banking Trends) and Insurance Regulatory Commission (CBIRC) building in Beijing, China February 14, 2019. REUTERS/Stringer/File Photo BEIJING, Aug 12 (Reuters) – China’s banking and insurance regulator will step up its scrutiny of online insurance companies, the state-backed Shanghai…
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China’s bank regulator warns of rising bad loans due to uneven recovery

BEIJING, July 14 (Reuters) – 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 insurance watchdog said on Wednesday. Outstanding non-performing loans in the banking sector stood at 3.5…
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