China's lenders have been urged to be flexible and innovative concerning loan repayment from smaller firms. The China Banking Regulatory Commission (CBRC) said Friday it is trying to help small firms facing financing difficulties by extending the... ...full story at People's Daily
from People's Daily on Sat, Feb 21 2009
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| 25 Feb 09 |
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Pawn Shops Thriving in China »
YouTube video WONG:
As the global economic downturn continues, many small businesses in China are looking for financing. And when banks won't give them credit, they have been going to pawn shops. Here's more.
STORY:
With China's economy experiencing its slowest... |
| 18 Jan 08 |
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Chinese banking regulator urges stringent car loan terms » People's Daily In a rare move to tame auto credit growth, the China Banking Regulatory Commission (CBRC) on Wednesday urged commercial banks to thoroughly examine car loan deals to guard against possible default. In the wake of increasing disputes ... |
| 15 Mar 08 |
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Smaller China banks' bad loan rate below that of big banks in 2007 » People's Daily The non-performing loan (NPL) ratio of small and mid-sized lenders averaged 2.45 percent last year, financial regulators said on Thursday, as they urged local banks to improve risk controls amid rising market uncertainties. The figu ... |
| 17 Jan 09 |
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Banks report big decline in non-performing loans » People's Daily All Chinese commercial banks achieved a significant drop in non-performing loan ratio in 2008, according to data released on Friday by China Banking Regulatory Commission (CBRC). The other major indicators commonly applied to test the strength of... |
| 17 Mar 09 |
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Profit of China's small, mid-sized commercial banks up 53% in 2008 » People's Daily Small and medium-sized commercial banks' profit totaled 125.2 billion yuan (18.3 billion U.S. dollars) in 2008, up 53 percent year-on-year, the China Banking Regulatory Commission said on its website Tuesday. These banks' non-performing loan ratio... |
| 20 Aug 08 |
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Lending to small firms encouraged » People's Daily The government has introduced new incentives to encourage more lenders to provide microcredit loans to labor-intensive small firms and laid-off workers starting new businesses. In a joint statement, the People's Bank of China, the Ministry of Finance... |
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