An RBI working group has previously recommended limiting banks to a 20 percent stage in insurers, down from 50 percent currently.
March 6, 2021The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
February 18, 2021The bonds reportedly received a lukewarm response from investors who are seeking higher yields amid signs of tighter liquidity.
February 11, 2021HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.
February 5, 2021State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.
January 7, 2021China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.
December 21, 2020CBIRC chairman Guo Shuqing says banks should prepare by replenishing capital, increasing provisioning, and improving risk management.
August 16, 2020In the past week, the central bank has sharply eased loan classification and provisioning rules, and offered credit guarantees, to try and address an unwillingness among banks to lend to small businesses.
July 28, 2020In a 'very severe shock' scenario, 23 banks would fail to maintain the 9% capital-to-risk weighted assets ratio, and the NPA ratio would reach 14.7%.
July 27, 2020The government is looking to sell majority stakes in state-owned banks, but the plan may not be feasible this financial year due to poor market conditions and rising bad loans.
July 22, 2020