Fitch confirms weakening of bank asset quality
In its special report, Fitch sees a high probability of deterioration of non-performing loan (NPL) rations of Chinese banks.
Agricultural Bank of China (ABC) Weihai announces a breakthrough into factoring business, with the launch of a three million yuan domestic factoring facility for Weihai Honglin Electronics Co., Ltd.
Charles Wu, Vice President and Trade Product Manager of Global Transaction Services, Citi, provides an overview of supply chain finance in China for the 2011/2012 edition of the Supply Chain Finance Yearbook.
Minsheng Bank Guangzhou Branch has recently announced the introduction of several collateral-free credit products for SMEs.
Following the Chinese State Council s call for providing more financial support to cash-strapped SMEs under the country s tightening monetary environment, the State Administration of Taxation and Ministry of Finance has recently co-issued a new circular that will grant favourable tax treatment to financial institutions when they offer loans to SMEs.
Deutsche Bank has appointed Frank Wu as head of trade finance and cash management, corporates for Greater China, GTR reports.
Close to 75 per cent of the labour-intensive SMEs in the Pearl River Delta in southern China are expected to post zero or negative earnings for the next six months amid an unsound business climate, a recent survey has found.
BOC opens first overseas forfeiting unit Bank of China (BOC) has set up a forfaiting and commodities finance unit in Singapore to boost its trade finance services in Asia Pacific, GTR reports.
Intel medicine announces its plans to apply for USD$100 million factoring facility from China Minsheng Bank.