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Chinese banks might lose over USD 300 billion
Updated : 1 week ago IST
Beijing [China], August 2 (ANI): Chinese banks might lose over USD 300 billion as the country continues to grapple with an economic slowdown and a housing crisis increasing the lack of confidence in the financial system among citizens.
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China's economy at risk with banks witnessing rise in non-performing asset
Updated : 1 week, 6 days ago IST
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's econo
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Chinese banks to provide USD 2.3 bln to Pakistan 'within days' under loan
Updated : 1 month, 2 weeks ago IST
Islamabad [Pakistan], June 23 (ANI): To cope up with country's dwindling cash reserves, loan of USD 2.3 billion from a Chinese consortium of banks to Pakistan is expected within a "couple of days".
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Chinese banks under scrutiny for opaque interconnectedness of financial fi
Updated : 1 month, 2 weeks ago IST
Washington [US], June 22 (ANI): The resilience of the Chinese banking system has come under scrutiny in recent years as there are indications that Beijing wants more control over its economy.
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Pak PM directs country's State Bank to hold meet with Chinese banks for tr
Updated : 2 months ago IST
Islamabad [Pakistan], June 6 (ANI): Amidst Pakistan's failure to address the financial issues concerning the CPEC projects, Prime Minister Shehbaz Sharif has directed the country's State Bank to hold meetings with the Chinese banks for bilateral trade using China's Renminbi (RMB) and Paki
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Chinese banks to refinance Pakistan with USD 2.3 billion funding
Updated : 2 months, 1 week ago IST
Islamabad [Pakistan], June 2 (ANI): China on Thursday agreed to refinance Pakistan with USD 2.3 billion worth of funds amid the dwindling foreign exchange reserves of the country.
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Chinese banks fail to comply with FATF regulations
Updated : 5 months, 4 weeks ago IST
Beijing [China], February 11 (ANI): Notwithstanding dominance of Chinese banks in the global banking listing, they are failing to comply with the regulations of host countries as well as the Financial Action Task Force (FATF), especially anti-money laundering (AML) controls as they venture a
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Potential US sanctions loom over banks with China connections: Fitch
Updated : 1 year, 10 months ago IST
London [UK], September 25 (ANI): Chinese banks and international non-US banks with connections to China could become ensnared in processes leading to US sanctions, Fitch Ratings has said in a new report.
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Chinese banks' profit decline to worsen in H2: Fitch Ratings
Updated : 1 year, 11 months ago IST
Hong Kong/Shanghai, September 4 (ANI): The fall in Chinese banks' profits will accelerate in the second half of current calendar year as authorities target to more than double the amount of non-performing loans (NPLs) resolved compared with the first half of the year, Fitch Ratings has said.
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Stable outlook for Chinese banks balances deteriorating operating environm
Updated : 2 years, 10 months ago IST
Hong Kong, Oct 9 (ANI): The operating environment for Chinese banks is deteriorating as the escalating trade tensions with the United States will add further pressure to the country's economic growth, Moody's Investors Service said in a new report released on Wednesday.
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