Chinese banks are alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully.» Read More
Asian equities were trading mostly in the red on Monday as investors remained cautious following a mixed performance from Wall Street last Friday.
Asian stocks closed sharply in the red, led by a heavy afternoon sell off in the Chinese market as the regulatory body went after brokerages.
Asian markets closed mixed on Monday, following a rally on Wall Street last week as investors stay on a Fed-watch.
Asian equities bucked the trend on Wall Street overnight and finished strongly on Friday, even as a Fed rate hike lingered on investors' minds.
*Gold lending has soared as tight credit limits traditional loans. The top four Chinese banks alone have up to 443.4 billion yuan tied up in gold leasing, so any pull back could cut China's imports and hit global bullion prices that are already languishing at the lowest in more than five years. Bank of China, the country's fourth-biggest lender by assets, has seen at...
*China corporate borrowing hit by slowing economy. BEIJING, Nov 19- Some Chinese banks, hit by a surge of troubled borrowing in a weakening economy, are increasingly failing to recognise loans gone sour on their books to avoid having to stump up capital. This hidden build up of substandard corporate loans, spurred by China's slowest economic growth in a quarter of a...
Asian shares traded mixed on Wednesday, as investors remain cautious over the latest global geopolitical developments in the wake of Paris terror attacks.
Asian equities were lackluster on Thursday, with weakening commodity prices and concerns over a slower-growing China pressurizing markets.
China's four biggest banks may be forced to raise up to $400B to meet new capital rules, which could pressure them to slow lending.
HONG KONG, Nov 11- China's four biggest banks may have to raise up to $400 billion to meet new global capital rules, an onerous task that could pressure them to slow down lending at a time when Beijing wants them to help prop up economic growth. China has four GSIBs: Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and China...
HONG KONG, Nov 10- China's four biggest lenders may have to raise up to $400 billion in new capital to conform with onerous new post-crisis capital rules a global regulator said on Monday they would have to fall into line with. The announcement by international banking watchdog the Financial Stability Board represents a coup for Western banks, who had...
Asian shares retreated on Tuesday, as a fresh batch of Chinese data added to the uncertainty from a looming rate hike in the U.S.
Asian stocks outside China and Japan mostly retreated on Monday, following below-view trade figures released at the weekend from China.
While the US has been busy worrying about "too big to fail," China's largest banks have just been getting larger, says analyst Dick Bove.
Asian stocks put up a mixed performance on Thursday, as increasing odds of a U.S. interest-rate rise in December sapped risk appetite.
BEIJING, Nov 4- China's commercial banks posted an average non-performing loan ratio of 1.59 percent as of the end of September, the highest since the 2009 global financial crisis, an official at the country's banking regulator said late on Wednesday. China's top five lenders last week reported their slowest third-quarter profit in at least three years.
Asian stocks fell on Monday, as investors digested a private survey which showed China's manufacturing sector remaining in a tough spot.
Asian stocks mostly fell on Thursday, after the Fed signaled that a December rate hike was still on the table.
BEIJING, Oct 29- China and Germany signed a framework agreement for strategic cooperation between Volkswagen AG and the Industrial and Commercial Bank of China Ltd, at a ceremony overseen by German Chancellor Angela Merkel and China's Premier Li Keqiang.
BEIJING/ SHANGHAI, Oct 26- China's landmark decision to scrap a long-standing ceiling on bank deposit rates is unlikely to have much impact on the real economy- or help credit-starved smaller firms- as lenders focus on protecting margins rather than competing for new funds. The weekend move freed up China's interest rate market, allowing lenders to...