China

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Intense shadow banking crackdown has reinvigorated on-balance-sheet activity. China’s banking system assets plunged from 16.5% in 2016 to 8.7% in 2017 to represent the first drop to single-digit growth in more than a decade, according to a report from Moody’s Investors Service, reflecting the ongoing transition of banks to on-balance-sheet activities like loans. Loan growth clocked in at a steady 12.1% which makes last year the first year since 2013 that loan growth has outpaced asset growth. The welcome development comes as China intensifies its shadow banking crackdown as regulators step up oversight and incorporating related rules in their Macro Prudential Assessment (MPA).

Financial investments and interbank activities were the most battered areas.

The principal-preserved model may not survive under new rules.

The lender was able to keep its bad loan ratio flat at 1.49%.

A tightening lending environment may cause property sales to plummet.

The cut aims to encourage banks to move from WMPs to deposit funding.

The bank has business coverage across 60 of 70 B&R markets.

IFRS 9 will support Beijing’s bid to curb credit growth and balance sheet consolidation.

Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.

Foreign investors are rushing into the country to purchase its NPLs.

It accounted for 31.4% of CCB’s total loans and 81.7% of personal loans.

This may help Beijing curb growing shadow banking activity.

He reveals how the bank specialises in China-Europe network connectivity.

The bank is keen on serving customers in Guangdong and Hong Kong in particular.

ICBC, CCB, and ABC achieved the strongest expansion in net interest income.