Yicai Global

Chinese Banks Hasten Non-Performing Asset Disposal as Year-End Nears

Chinese commercial banks' balance of non-performing loans reached CNY3.43 trillion (USD483.3 billion) as of the end of June, ...
CNN

China beefs up its biggest banks to boost the economy

Bank of Communications said it will sell shares of as much as 120 billion yuan, and Postal Savings Bank of China will raise up to 130 billion yuan. China’s Finance Ministry, a major shareholder of the ...
Morningstar

Postal Savings Bank of China Faces Rising Credit Quality Pressures in Retail Banking

Postal Savings Bank of China boasts a strong retail deposit base with market share of over 9% in China. Its strong deposit base was supported by its inherent advantage in the rural banking market ...

China's October new bank loans fall sharply, missing forecast

New loans by Chinese banks fell sharply in October from the previous month and missed market expectations amid persistent ...
Reuters

Postal Savings Bank of China suspends new precious metals account openings

SHANGHAI, July 5 (Reuters) - The Postal Savings Bank of China said it suspended new openings for accounts to trade the spot precious metals market, citing price fluctuations and as elevated trading ...

China's central bank to maintain accommodative policy as challenges persist

China's central bank said on Tuesday it would maintain "appropriately loose" monetary policy, keep liquidity ample while ...