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  • November 29, 2014
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  1. Business - Banking & Finance - NATIONAL PEOPLE'S CONGRESS

    We will keep tighter rein on debt and shadow banking, Li Keqiang says

    Posted Mar 13th 2014, 11:12pm by JANE CAI

    ... Jane Cai xuejun.cai@scmp.com Tighter rein on debt and shadow banking, says Li Beijing is tightening scrutiny of government debt and the shadow banking system to contain risk, Premier Li Keqiang said yesterday. He said Beijing had been "highly attentive" to financial and debt risks, and set a timetable for implementing rules to stop banks overexpanding. "We decided ...

  2. News - China - FINANCE

    Risk aversion, rather than financial reform, likely to top NPC agenda

    Posted Mar 04th 2014, 05:37pm by JANE CAI

    ... attention to avert the escalating financial risk.” Tackling the local government debt problem could be top of the government’s work agenda this year Lu Ting, economist at Bank of America Merrill ... reputation to whitewash the bond issuers with poor solvency.” Mainland local government debt had swollen to 17.9 trillion yuan (HK$22.7 trillion) by the middle of last year, according to the National ...

  3. Business - Banking & Finance - LENDING

    No end in sight for bad-debt malaise at mainland Chinese banks

    Posted Dec 23rd 2013, 04:47am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Economic slowdown will continue to mount pressure on the asset quality in the sector No end in sight for bad-debt malaise at mainland banks Joey Li, the owner of a micro-credit company in Jiangsu province, says he spent most of his time this month trying to collect debts. But many of the cable manufacturers, metal producers, textile plants ...


    It's war on smog! China pledges pollution battle 'for the nation's future'

    Posted Mar 05th 2014, 09:59am by JANE CAI

    ... investment in industries now dominated by state-owned enterprises, the work report said. Reforms would include a widening of the yuan trading band. Local government debt, a major concern ...

  5. Business - Economy - ECONOMY

    Fears grow over soaring Chinese debt

    Posted Sep 23rd 2013, 12:00am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Local government debts have doubled over the past 3 years, a report estimates, putting into focus potential damage to economic growth Fears grow over soaring mainland debt Concerns about rising leverage on the mainland have been heightened by a report last week which estimated that the liabilities of local governments may have doubled ...

  6. Business - Banking & Finance - REGULATION

    Beijing warns of dangers in shadow banking

    Posted Jan 06th 2014, 02:32pm by JANE CAI

    ... and improving co-ordination to contain risks, according to sources. Local government debt has swollen to 17.9 trillion yuan (HK$22.7 trillion) by the middle of last year, nearly 70 per cent more than ...

  7. Business - China Business - INVESTMENT

    Mainland Chinese cities build their way to growth

    Posted Nov 11th 2013, 05:17am by JANE CAI

    ... Jane Cai in Hangzhou, Jiaxing xuejun.cai@scmp.com Concerns rise over mounting bad debts as local governments turn to municipal bond issues to fund their infrastructure projects Mainland ... The mainland's budget law prohibits local governments from raising debt directly, except in special circumstances approved by the State Council. However, the governments have been skirting around the law ...

  8. Business - Banking & Finance - BANKING

    Chinese lenders face loan pressure

    Posted Oct 26th 2013, 02:55am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com Mainland banks face loan pressure Bad loans are expected to batter mainland bank profits in the third quarter, with rising overdue debt likely ... slowdown and weak external demand have seen overdue debts stack up on banks' loan books. That has forced them to repeatedly roll over bad debt, starving them of fresh capital to make new loans ...

  9. Business - Banking & Finance - EARNINGS

    Bad loans take shine off profit at Merchants Bank

    Posted Oct 30th 2013, 03:31am by JANE CAI

    ... lower-than-expected local government debts, which will be released by the National Audit Office soon." Mainland banks face challenges ranging from the deterioration of loans and problematic local ...

  10. Business - Banking & Finance - BANKING

    Lenders brace for surge in bad loans

    Posted Nov 01st 2013, 03:23am by JANE CAI

    ... Jane Cai in Beijing xuejun.cai@scmp.com After a sharp increase in bad loans in the third quarter, analysts warn of worse to come amid worries over banks' asset quality Mainland lenders brace for debt pile Bad loans are expected to rise further at mainland banks in the coming months after a sharp increase in the third quarter hit lenders' profitability. The nine Hong ...




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