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  1. Beijing moves to clean up problems with local debt

    Posted Jan 05th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The central government said yesterday it had cleaned up nearly half the 530 billion yuan (HK$649 billion) worth of local government debt from 2010 found ... to address the mainland's underlying debt problem. In June, the National Audit Office said local government debt had reached 10.7 trillion yuan by the end of 2010- or roughly a quarter ...

    http://www.scmp.com/article/989240/beijing-moves-clean-problems-local-debt
  2. Mainland lenders' bad debts on rise

    Posted Nov 02nd 2011, 12:00am

    ... decided to clean up the bad debts a decade ago. However, after an 18 trillion yuan (HK$22 trillion) lending binge in 2009 and 2010, bad loans are starting to increase. Michael Werner, a senior ... governments, which are often barred from doing so themselves. Much of that debt has been used to build infrastructure projects that have not generated enough income to service the loans. Mainland banks ...

    http://www.scmp.com/article/983643/mainland-lenders-bad-debts-rise
  3. Mainland local debt tops 10.7tr yuan

    Posted Jun 28th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The state auditing office said yesterday that last year's local government debt topped 10.7 trillion yuan (HK$12.9 trillion) on the mainland. Of the lending, 80 per cent came from banks. The first audit of local government debt by the National Audit Office showed that the deficit was larger than the current 6 trillion yuan of central government ...

    http://www.scmp.com/article/972011/mainland-local-debt-tops-107tr-yuan
  4. Beijing faces bank bailout as regional debts go bad

    Posted Jul 06th 2011, 12:00am

    ... a potential 4 trillion yuan (HK$4.8 trillion) in bank debts after spending exuberantly on unviable projects, such as towns no one wants to live in, deserted financial centres in rural areas, empty ... Chartered's head of Greater China research, reckons the value of debts Chinese lenders have doled out to local governments that will turn bad could be 4 trillion to 6 trillion yuan Analysts at Credit ...

    http://www.scmp.com/article/972652/beijing-faces-bank-bailout-regional-debts-go-bad
  5. SAFE in danger over agency debt holdings

    Posted Jul 17th 2008, 12:00am by Tom Holland

    ... Tom Holland As investors bail out of Asian bank stocks, worried they may be sitting on debt issued by ailing United States mortgage guarantors Fannie Mae and Freddie Mac, spare a thought ... They are by far the world's largest owners of US government agency debt, holding as much as half a trillion US dollars worth of the stuff many in financial markets now regard as close to toxic waste. ...

    http://www.scmp.com/article/645527/safe-danger-over-agency-debt-holdings
  6. First-quarter foreign debt balance grows 2.65pc in mainland

    Posted Jul 31st 2007, 12:00am by Denise Tsang

    ... Denise Tsang The mainland's foreign debt balance grew 2.65 per cent in the first quarter of this year amid tightened monetary measures, according to the country's foreign exchange regulator. The State Administration of Foreign Exchange (Safe) yesterday revealed that the nation's foreign debt balance climbed to US$331.5 billion in the first three months from ...

    http://www.scmp.com/article/602438/first-quarter-foreign-debt-balance-grows-265pc-mainland
  7. Bad-debt ratio to grow as credit crunch bites

    Posted Feb 22nd 2008, 12:00am by Staff Reporter

    ... Maria Chan The bad-debt ratio of mainland banks is expected to rise this year due to the impact of credit tightening and shocks from a possible United States recession, Standard & ... banks to rise this year. However, for the industry as a whole, the ratio may improve as Agricultural Bank of China is in the process of reform and a substantial portion of its bad debt ...

    http://www.scmp.com/article/627092/bad-debt-ratio-grow-credit-crunch-bites
  8. Banks warned of subprime-linked bad debts and tightening policy

    Posted Feb 02nd 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Bad loans at mainland lenders will start to emerge this year because of increasing credit risk from their exposure to the United States' subprime mortgage crisis and Beijing's tightening policy, a senior official at the industry reg ...

    http://www.scmp.com/article/625192/banks-warned-subprime-linked-bad-debts-and-tightening-policy
  9. HSBC surprises with first-half profit surge despite bad debt

    Posted Jul 31st 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings surprised the market with a 24.8 per cent surge in net profit for the first half of the year, despite the sharp rise in bad-debt provisions linked to its exposure ... per cent. The bank said its total bad-debt charge jumped 63 per cent to US$6.35 billion from a year ago, mainly due to its US subprime mortgage troubles. Its North American unit, which saw ...

    http://www.scmp.com/article/602493/hsbc-surprises-first-half-profit-surge-despite-bad-debt
  10. Beijing uses new tools to fight loan growth

    Posted Jan 07th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Beijing will not set a loan target for banks this year as it attempts to balance inflation control with maintaining job-creating economic growth. The mainland has announced annual loan growth targets in previous years to control overheating i ...

    http://www.scmp.com/article/735039/beijing-uses-new-tools-fight-loan-growth

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