The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.
February 10, 2023Under rules released in 2021, China's four G-SIBs will have to hold TLAC equal to 16 percent of their risk-weighted assets by 1 January 2025.
January 18, 2023The banks are asked to provide offshore loans to developers so they can repay their offshore loans and dollar bonds.
December 5, 2022The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
December 1, 2022BNP's asset management arm will own 51 percent stake in the venture while Agricultural Bank of China's wealth management unit owns the rest.
October 19, 2022The coordinated move suggests the PBOC may have directed lenders to lower their deposit rates, which reduces bank funding costs and enables more lending.
September 19, 2022Beyond the more than 50 percent increase in bad property loans year-on-year, the banks are also seeing weaker loan demand from corporate and retail clients.
September 12, 2022Banks, wealth management companies, and insurance companies are required to perform self-assessments to identify and rectify violations.
August 31, 2022ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.
August 10, 2022Hundreds of thousands of homebuyers stopped making payments on mortgages involving more than 200 property projects last week.
July 18, 2022