Chinese banks held a record number of non-performing loans in the second quarter of 2018, according to the latest data from the China Banking and Insurance Regulatory Commission, despite the ongoing pressure from Beijing to deleverage. Bad loans jumped by Rmb 183 billion ($26.6 billion) to total Rmb 1.96 trillion at the end of June, […]
Category: Brief
China’s central bank outlined a number of risks and recommendations for the country’s booming e-commerce and delivery sectors in its quarterly monetary policy implementation report, Caixin reports, citing a saturated market and rising costs as potential headwinds. China’s online retail sales grew by 30.1% to Rmb 4.08 trillion ($595.8 billion) during the first half of […]
China should not push the internationalisation of the yuan too aggressively, said former Governor of the People’s Bank of China Zhou Xiaochuan in a speech during the weekend, adding that the process has come “earlier than expected.” The yuan’s increased use on the global stage in the years leading up to its addition to the […]
State media regulators have blocked sales of Tencent’s latest blockbuster video game just days after it went online, the Wall Street Journal reports, delivering a further blow to the internet giant’s ailing online game business. Regulators canceled the operating license of “Monster Hunter: World,” a game in which players navigate fantasy landscapes and battle with […]
China’s central planning department appears to have ended a year-long hiatus on allowing urban rail projects to move forward, after giving the green light to a light-rail and subway project in the northern city of Changchun, Caixin reports. The National Development and Reform Commission had not approved an urban-rail construction project since last August, due to concerns […]