https://www.scmp.com/rss/325957/feed Bank lending en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s economic growth is expected to have slowed to just over 6%, and it is unlikely to accelerate any time soon.  In fact, analysts generally agree that China’s economic performance last year – its worst in nearly 30 years – could be its best for at least the next decade. What observers cannot seem to agree on is how worried China should be, or what policymakers can do to improve growth prospects. Optimists point out that, given the size of China’s economy today, even a 6% growth in gross... https://www.scmp.com/opinion/chinas-government-should-get-out-way-navigate-economic-slowdown/article/3044266?utm_source=rss_feed https://www.scmp.com/opinion/chinas-government-should-get-out-way-navigate-economic-slowdown/article/3044266?utm_source=rss_feed Thu, 02 Jan 2020 11:32:08 +0000 Sri Lanka has accepted an eight-year China Development Bank $1 billion syndicated loan to repay loans maturing this year, two top Sri Lankan Finance Ministry officials said on Friday. The bank was chosen from among four bidding for the loan, which the government plans to use towards repaying other loans, one official said. Sri Lanka approves Chinese LNG plant near Hambantota port “All three others had three-year tenure and only China Development Bank had a bid for an eight-year tenure. The... https://www.scmp.com/news/china/money-wealth/article/2147903/sri-lanka-accepts-us1-billion-eight-year-loan-china?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/2147903/sri-lanka-accepts-us1-billion-eight-year-loan-china?utm_source=rss_feed Fri, 25 May 2018 23:24:13 +0000 A consortium of property investors led by two Hong Kong tycoons yesterday closed their HK$40.2 billion (US$5.15 billion) takeover of Li Ka-shing’s The Center building, in an innovative bit of financial engineering that required them to put up capital equivalent to 20 per cent of their purchase. The C.H.M.T Peaceful Development Asia Property group – led by Shimao Property Holdings’ founder Hui Wing Mau and Forbes’ wealthiest woman of 2017 Pollyanna Chu – put up a combined HK$8 billion in capital... https://www.scmp.com/property/hong-kong-china/article/2144379/heres-how-10-buyers-went-around-their-banks-and-ended?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2144379/heres-how-10-buyers-went-around-their-banks-and-ended?utm_source=rss_feed Wed, 02 May 2018 23:00:15 +0000 Beijing will establish a data bank in support of its campaign to clean up its unruly shadow banking system and control financial risk as it continues to learn from the lessons of the stock market turmoil of 2015.  In its latest assault on financial activity conducted by unregulated institutions, the government will set up a statistics platform that will measure all financial activity, from leveraged securities investment to local government borrowing, the People’s Bank of China said on... https://www.scmp.com/news/china/article/2141168/follow-money-beijing-peer-inside-its-murky-shadow-banking-world-new?utm_source=rss_feed https://www.scmp.com/news/china/article/2141168/follow-money-beijing-peer-inside-its-murky-shadow-banking-world-new?utm_source=rss_feed Wed, 11 Apr 2018 04:06:28 +0000 CEFC China Energy, the once-acquisitive conglomerate, was prepared to pay annual rates of as much as 36 per cent for short-term funding in a sign of the cash crunch faced by the company as authorities were closing in on its chairman, according to multiple people with knowledge of the matter. Earlier this month, it was revealed that Ye Jianming, the company’s chairman, had been investigated for suspected economic crimes. Guosheng Group, an investment firm owned by the Shanghai government, was... https://www.scmp.com/business/banking-finance/article/2136824/chinas-largest-private-oil-group-was-scrambling-loans-even?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2136824/chinas-largest-private-oil-group-was-scrambling-loans-even?utm_source=rss_feed Mon, 12 Mar 2018 06:41:30 +0000 China’s banking regulator has eased the amount of funds banks have to set aside for bad loans, which could free up more funds for lending by commercial banks. The minimum loan loss provision for Chinese banks was lowered to a range between 1.2 and 1.5 times the amount of impaired loans, instead of the 1.5 times before, according to a document released by the China Banking Regulatory Commission dated February 28, seen by the South China Morning Post but not posted publicly. The commission did not... https://www.scmp.com/business/banking-finance/article/2136005/china-cuts-amount-funds-banks-are-required-set-aside-bad?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2136005/china-cuts-amount-funds-banks-are-required-set-aside-bad?utm_source=rss_feed Tue, 06 Mar 2018 11:37:05 +0000 The days of Chinese banks circumventing redlines for a quick profit are coming to an end, as the mainland’s top banking regulator hands out big fines to lenders over irregularities. In January itself, the China Banking Regulatory Commission has handed out fines worth about three times the combined penalties for the whole of 2016 – and a quarter of those issued in 2017. The commission has issued at least three big penalties amounting to 791 million yuan (US$125.57 million) in January, and shows... https://www.scmp.com/business/companies/article/2131394/us1255-million-fines-january-suggest-china-will-continue?utm_source=rss_feed https://www.scmp.com/business/companies/article/2131394/us1255-million-fines-january-suggest-china-will-continue?utm_source=rss_feed Wed, 31 Jan 2018 09:30:00 +0000 High street banking in Hong Kong has become even more profitable this year, according to the latest figures from the Hong Kong Monetary Authority. Aggregate pre-tax operating profits of retail banks’ Hong Kong offices grew by an annual 13.9 per cent in the first three quarters of this year because of a sharp rise in their income from lending. Banks lent more this year, and this lending was more profitable. Lending by retail banks in the city was up by 12.8 per cent in the first nine months of... https://www.scmp.com/business/banking-finance/article/2125324/high-street-banking-gets-even-more-profitable-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2125324/high-street-banking-gets-even-more-profitable-hong-kong?utm_source=rss_feed Thu, 21 Dec 2017 22:33:11 +0000 Banking disintermediation – essentially, taking out the middle man – has taken a new twist. While in recent years peer-to-peer (P2P) lending has become the poster-child for threatening banks’ lending business, a new type of hybrid disrupter is apparently starting to emerge: asset managers backed by financial technology. One such firm attempting to cut banks out of the consumer-lending equation is FinEx Asia. The newly-licensed asset manager connects Asian investors with American consumer-credit... https://www.scmp.com/business/companies/article/2123693/how-asset-managers-finex-asia-are-using-ai-disrupt-traditional?utm_source=rss_feed https://www.scmp.com/business/companies/article/2123693/how-asset-managers-finex-asia-are-using-ai-disrupt-traditional?utm_source=rss_feed Mon, 11 Dec 2017 00:31:48 +0000 By Emir Zainul Bank Negara Malaysia (BNM) has warned that there are persons or companies conducting illegal money lending activities using fake money lending licences, purportedly issued by the central bank. “These fraudsters aim to deceive the public to believe that they are licensed money lenders and to lure the public to make initial payments for various purposes related to the loan, such as administrative expenses, stamp duty and legal fees,” BNM said in a statement. BNM clarified it does... https://www.scmp.com/news/asia/southeast-asia/article/2123344/malaysias-national-bank-warns-fraudsters-using-fake-money?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/2123344/malaysias-national-bank-warns-fraudsters-using-fake-money?utm_source=rss_feed Thu, 07 Dec 2017 09:15:38 +0000