PBoC’s 2013 annual report shows that foreign banks in China showed steady growth and even outpaced GDP growth in terms of new deposits, but still lag their domestic competitiors.
Accroding to the latest figures from the CBRC (China Banking Regulatory Commission), Chinese banks’ asset quality deteriorated as the balance of bad loans continued rising from RMB 492.9 billion in 2012 to RMB 592.1 billion in 2013. However, as banks wrote off significant amounts of bad loans in 2013, the…
According to the latest figures from the China Banking Regulatory Commission (CBRC), both commercial banks’ balance of Chinese bad loans and the ratio of bad loans increased throughout 2013. The continuing increase of bad loans is an indication of the challenges in China’s economy currently. With an economic transition happening…
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Established in 2007, Atlas Technologies Singapore, an Atlas Technologies Group Company, is a leading consulting and market research firm specializing in fintech, banking, payments, and capital markets. Our services aim to equip clients across the region with the necessary insights to capitalize on their most valuable opportunities and maintain a competitive edge in the market.