News

Accounts with specified maturity dates rose 11.8% for ICBC, 7.5% for CCB, and 6.2% for ABC.

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

Loan approvals on a 3M MA basis fell from 12.6% to 5% in March.

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).

The regulator is talking with local lenders to ensure they are not caught up in Australia’s mess.

CAGR of real estate loans stand at 22% from 2012-2017 versus overall loan growth at 17%.

Profitability is set to suffer but cleaner balance sheets will produce benefits in the long-run.

On a monthly basis, loans for use also inched up 1.2% in March.

And Deutsche Bank may also axe 10% of its US workforce.

Financial investments and interbank activities were the most battered areas.

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Asset expansion clocked in at a healthy $293.63b.

Mortgage portfolios will remain intact amidst adequate capital buffers.

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

Thanks to sustained demand for home and corporate loans.

Key executives from Malaysia's major banks graced the event.