BEIJING : The Chinese banking sector's bad loan ratio stood at 1.71 per cent at end-2022, down 0.09 per centage point year-on-year, according to the sector's regulator cited by the Shanghai Securities News on Friday.Outstanding non-performing loans in the banking sector stood at 3.8 trillion yuan ($563.45
BEIJING : The Chinese banking sector's bad loan ratio stood at 1.71 per cent at end-2022, down 0.09 per centage point year-on-year, according to the sector's regulator cited by the Shanghai Securities News on Friday.
Outstanding non-performing loans in the banking sector stood at 3.8 trillion yuan at the end of last year, according to the media.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Standard Chartered says wins nod from China for securities firmSYDNEY : Standard Chartered on Friday said it had been granted approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm.The bank said the firm would have an initial capital injection of 1.05 billion yuan ($155.69 million) and would cover underwriting, asset manage
Read more »
Standard Chartered wins nod from China for securities firmSYDNEY: Standard Chartered on Friday (Feb 3) said it had been granted approval by the China Securities Regulatory Commission (CSRC) to set up a mainland securities firm. The bank said the firm would have an initial capital injection of 1.05 billion yuan (US$155.69 million) and would cover underwriting, ass
Read more »
Hong Kong economy shrank 3.5% in 2022HONG KONG - Hong Kong’s economy shrank by 3.5 per cent in 2022, with exports plunging and the city’s worst-ever coronavirus outbreak battering businesses, the government announced Wednesday, while saying it hoped China’s reopening would spur a recovery. Read more at straitstimes.com.
Read more »
Crypto hacks stole record $3.8 billion in 2022, led by North Korea groups - reportSEOUL : Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.The report by Chainalysis found hacking activity
Read more »
Indonesia 2023 gasoline demand, imports likely to exceed 2022 recordsGasoline consumption and imports in Indonesia, Asia's largest importer of the motor fuel, could hit records this year as the nation recovers from COVID-related travel curbs, although growth is expected to slow slightly along with its economy. A spike in Indonesian imports would tighten the regional gasoli
Read more »