Latest News

China central bank asking Shanghai lenders if tighter rules impacting credit quality, say sources

The Shanghai branch of China’s central bank is asking city lenders for information on asset quality, credit needs and potential risks on top of what all Chinese banks are preparing for a routine assessment, two people with direct knowledge of the matter said on Wednesday.

Banks in Shanghai recently received a notice from the People’s Bank of China (PBOC) asking them to provide the current size and industry distribution of their loan portfolio and report on how new loans in 2017’s first half compared to a year earlier, the two people said.

The Shanghai office of the PBOC also requested information on any impact the increased regulatory scrutiny has had on new loans, off-balance-sheet assets and the movement of assets from off-balance-sheet to on-balance-sheet, they added.

Risk Warning:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Comment here

1 × 2 =