China revs up financing support for real economy in 2020

China's new yuan-denominated loans totaled 19.6 trillion yuan (US$3.03 trillion) in 2020, up by 2.8 trillion yuan year on year, according to an SCIO briefing on Friday.

January 22, 2021

2020: Chinese banks dispose $467B in non-performing assets

China's banking sector disposed 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, China's Banking and Insurance Regulatory Commission (CBIRC) said on Friday.

January 24, 2021

Banks, insurers encouraged to back fintech

China's top banking and insurance regulator said on Friday that it will encourage banking and insurance institutions to cooperate with internet-based platforms, including those companies that have been summoned for meetings with financial regulators, in accordance with the laws and regulations.

January 24, 2021

Nonperforming loan disposal hits record high

China's disposal of nonperforming loans hit a record high of 3.02 trillion yuan ($466.34 billion) last year, as the country stepped up efforts to mitigate financial risk, Xiao Yuanqi, chief risk officer of the China Banking and Insurance Regulatory Commission, said on Friday.

January 22, 2021