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China banks News

29 Oct 2022

The China Files: China's debt crisis is deepening

China is sharply falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative after the crumbled economies of borrowing countries have left the Asian giant with huge piled up loans, a report has said.

23 Jul 2022

DNA: Bank Crisis -- China deploys tanks against its citizen

In China these day, the matter of corruption in 5 banks is intensifying. People's 46 thousand crore rupees are stuck in these banks, after which these people have come out on the streets to withdraw their money. To halt this protest, the Chinese government has deployed tanks on the streets.

27 Dec 2016

China approves five new private banks: total goes up to 16

China's banking regulator on Tuesday gave approval to five new private banks aimed to boost financial support for smaller firms, bringing the total number of private lenders in the world's second largest economy to 16.

20 Jan 2016

China offers banks $91 billion ahead of holiday

China's central bank has pledged more than 600 billion yuan (USD 91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges.

17 May 2015

Enough space for China banks to complement India story: Kochhar

ICICI shares are listed in India on BSE and NSE, while its American Depositary Receipts are listed on the NYSE.

13 May 2015

China bank lending slowed in April: Central bank

Domestic banks extended new loans of 707.9 billion yuan (USD 115.9 billion), the People's Bank of China (PBoC) said in a statement, down from 1.18 trillion yuan in March.

20 Apr 2015

China makes big cut in bank reserve requirement to fight slowdown

The latest cut, the deepest single reduction since the depth of the global crisis in 2008, shows how the central bank is stepping up efforts to ward off a sharp slowdown in the economy.

06 Apr 2015

Hit by slowdown Chinese banks profits shrink to single digits?

Profit growth for China's five biggest banks slowed to single digits last year.

01 Dec 2014

China's big five banks rise on draft deposit insurance rules

Mainland listed shares in China`s big five banks jumped on Monday but later pared gains, after the country issued draft regulations to introduce a bank deposit insurance scheme for the first time.

16 Aug 2014

China's bad bank loans climbs to $112.84 billion

The non-performing loans for commercial banks in China climbed to USD 112.84 billion in the last four months, registering a increase of 1.08 percent, and sparking concerns a slow economy could weigh on banks.

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