banking

Shadow Lending Lingers as Threat to Banking System

The ratio of non-performing loans on the balance sheets of Chinese banks declined in 2012, according to their latest earnings reports, but does that indicate an improving bill of health for the financial sector? A new Reuters...

Chinese Debt Issues Lurking in the Shadows

As if the mounting pile of failed loans to local governments isn’t enough of a concern on its own, The Diplomat’s Minxin Pei writes that the hidden debt – the product of off-balance sheet “shadow...

Banks, Insurers Swimming Different Currents

Following last weekend’s interest rate cuts by The People’s Bank of China, which signaled a move toward a more market-based banking system, The Wall Street Journal reports that China’s banks will likely feel...

On Economy, Will Government Walk The Walk?

With China posting its lowest quarterly GDP rise since 2009, The Diplomat’s Minxin Pei writes that while state control of the Chinese banking system may help to avoid a seizure in the short-term, the economy’s...

Premier Wen Jiabao Talks Like a Bold Reformer

Bloomberg BusinessWeek asks whether Premier Wen Jiabao’s recent bold proclamations will have any impact or are just part of an effort to ensure his legacy as a reformer: First came his remarkable and likely last press...

Citibank Gets the Nod From China

The US-based Citibank announced that China has approved of the bank offering credit cards in China. Citibank will launch the program later this year, and it is the first non-Asian bank to offer credit cards in China. BBC...

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