China Banking Regulatory Commission

Beijing giving foreign economists the cold shoulder

The central bank and regulators are now being more cautious about what they say to foreign economists. Photo: Reuters

Chinese government officials have quietly become more sceptical about foreign banks' research reports and are avoiding senior economists at global banks, partly because of growing mutual distrust over the scale and seriousness of the country's debt problems.

Wednesday, 19 February, 2014, 4:12am 16 comments

Li at crossroads in the fight for economic changes

Premier Li Keqiang

Premier Li Keqiang may want to be seen as a dedicated economic reformer, but political squabbling among his subordinates and lingering resistance to pro-market policies limit the likelihood he can deliver real change, government insiders say.

28 Oct 2013 - 7:56am 1 comment

Bad loans rise sharply in Shanghai bank sector

Smaller companies are falling behind in loan repayments.

The Shanghai branches of several mid-sized mainland banks have seen rapid increases in bad loans this year as private companies feel the pinch of the nationwide economic slowdown.

21 Jun 2013 - 7:36am

Promotion snub of Wen Jiabao son-in-law takes cue from Xi Jinping?

Xi Jinping spoke about promoting officials who are capable and practical. Photo: EPA

The appointment of Yang Jiacai as assistant chairman of the China Banking Regulatory Commission, announced on Tuesday, saw him leapfrog Liu Chunhang - the son-in-law of former premier Wen Jiabao and the head of the CBRC statistics and research departments and a member of the elite "reserved official" promotion programme.

6 Jun 2013 - 8:50am 2 comments

Bad loans swell as China economy slows

Industrial and Commercial Bank of China is one of the banks with ongoing management transition. Photo: Bloomberg

Loans overdue at least three months grew 6.8 per cent to 526.5 billion yuan (HK$665.2 billion) in the first quarter, with the non-performing loan ratio climbing to 0.96 per cent at the end of March from 0.95 per cent last year, the China Banking Regulatory Commission said yesterday.

16 May 2013 - 3:53am

Ex-CCB man takes control at Merchants Bank

Ex-CCB man takes control at Merchants Bank

China Merchants Bank said the China Banking Regulatory Commission had appointed Tian Huiyu to replace Ma Weihua as party secretary of the Shenzhen-based lender.

9 May 2013 - 4:39am

Mounting local government debt a crisis in the making in China

The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg

Warning of local governments' high exposure to bad debts, credit agency Fitch recently downgraded China's long-term local-currency rating from AA-minus to A-plus. Chinese officials should take note: the downgrade underlines how closely international markets are watching developments in China.

18 Apr 2013 - 3:18am 1 comment

CBRC tightens grip on bank loans

Many economists have expressed concerns that the mainland's urbanisation initiative would provide a fresh incentive for local governments to get their financing arms to raise funds and invest heavily. Photo: Bloomberg

The mainland's banking regulator has escalated its warnings about lenders' exposure to local government financing vehicles (LGFVs). Loans to these financing vehicles have increased to 18 per cent of gross domestic product as non-bank credit pours into the risky sector.

16 Apr 2013 - 5:50am

China watchdog tells banks to check capital pool assets

The banking regulator has tightened checks on wealth management products in efforts to protect consumers. Photo: Bloomberg

The mainland's banking regulator has ordered lenders to complete a probe of the so-called "capital pool" operations of their wealth management products by the end of next month, in an attempt to crack down on the products that pose higher risk to investors because of a lack of transparency.

13 Mar 2013 - 5:50am

Bank watchdog vows to control loan defaults

Shang Fulin, chairman of the China Banking Regulatory Commission (CBRC). Photo: Bloomberg

The mainland banking regulator will focus on controlling defaults in loans to local governments, the real estate sector and industries with redundant capacity this year, after bad loans grew for a fifth consecutive quarter.

5 Mar 2013 - 5:20am

China's banking regulator fumbles Shang damage control

Rumours of a corruption probe into Shang Fulin, chairman of the China Banking Regulatory Commission, started circulating on Saturday. The CBRc issued a statement on Monday apparently intended to dispel the rumours. Photo: Xinhua

As boring and insubstantial government news releases go, the bland piece that China’s top banking regulator put on the top of its website on Monday probably ranks eight out of 10.

4 Mar 2013 - 10:51pm

Tighter profit rules dim hopes of China IPO candidates

The five-month listing drought on the share market since the suspension of new IPOs has helped drive the main market gauge 16pc higher. Photo: Xinhua

Renewed measures by mainland regulators to ease fund-raising pressure on the stock market are expected to force hundreds of initial public offerings to be called off if they fail to meet more stringent listing requirements.

20 Feb 2013 - 3:13am

Scandals set off watchdog warnings

A former deputy head of a Shanghai Pudong Development Bank branch in Zhengzhou allegedly used 6.4 billion yuan in depositors' money to fund loan-sharking schemes. Photo: Bloomberg

Shanghai's banking regulator has told lenders to set up telephone hotlines for complaints about staff misconduct in selling wealth management products.

The move is seen as a gesture towards protecting consumer rights after a slew of irregularities in the banking sector.

25 Jan 2013 - 4:56am

Banking regulator warns about wealth management products

A failed wealth management product sold at Huaxia Bank has sparked calls for better supervision of bank outlets. Photo: Reuters

The banking regulator has told mainland lenders to "strictly" supervise the design, sale and investment of their wealth management products as it seeks to curb risks from banks' off-balance-sheet businesses.

15 Jan 2013 - 4:15am

Failed wealth fund raises mainland alarm over banks

A failed wealth management product sold at Huaxia Bank has sparked calls for better supervision of bank outlets. Photo: SCMP

Those who complain of an overregulated banking system on the mainland and heavy-handed intervention by the government in lenders' business operations were recently given reason to rethink their conclusions.

The default of a wealth management product issued by a branch of Huaxia Bank in Shanghai's Jiading district exposed the lax management and supervision of banking outlets.

4 Jan 2013 - 2:48am