Chinaallowsmorebankstosecuritizenon-performingassets -China-Chinadaily.com.cn

2021年5月5日 by 没有评论

USEUROPEAFRICAASIA中文双语FrançaisHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILEChinaNewsSocietyInnovationHK/Taiwan/MacaoCover StoryPhotosEnvironmentHealthMilitaryHome / China / National affairsChina allows more banks to securitize non-performing assets
Xinhua | Updated:2017-04-18 20:16BEIJING — China has expanded a pilot program to allow more domestic banks to issue securities backed by non-performing assets, Xinhua-run Shanghai Securities News reported Tuesday.Commercial banks including China Minsheng Bank, China Everbright Bank, and China CITIC Bank were among the institutions recently selected for the program, the newspaper reported.China started a pilot program for non-performing asset securitization in 2016, allowing five state-owned banks and China Merchants Bank to repackage non-performing assets into securities to meet the demand of investors with different risk preferences.By the end of 2016, 14 securitization products had been issued with a total value of 15.6 billion yuan (about $2.3 billion), covering 46.1 billion yuan of underlying non-performing assets, Ji Zhihong, head of the financial market department of Chinas central bank, said in a report published Tuesday.Related StoriesCentral bank renews cash injection, liquidity in tight balanceIndonesia gears up for annual IMF-World Bank meetingChina central bank official urges efforts to boost green financingBank puts focus on internet innovationPhotoFrench couple cycles across China to encourage green travelSharing is caring: Newlyweds ride sharing bikeStudents pose for creative photosSandstorm blankets Northwest Chinas NingxiaForeign students learn tea ceremony at East Chinas collegeWater-sprinkling festival marked in SW ChinaLatestChina vows to deepen economic system reform to boost growthFormer China Telecom chairman stands trial for briberyChina reshuffles 84 corps-level military unitsFormer senior official sentenced to 20 years for graftXi demands enhanced supervision over reform effortsState Council NewsPremier concerned with education of poor studentsAdministrative reforms revitalize market, data showsExclusiveXis statements on the Belt and Road InitiativeXis vision of more secure and greener ChinaNational park to drive revival of wild pandasEditors picksPublic complaints prompt office renovationSchool safety to be improvedTen photos you dont wanna missTen photos from across China: April 1-6SpecialEducation: Views of deputies, membersNPC deputies from grassrootsBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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