On Breakingviews - China’s small bank bailouts duck bankruptcy test, says petesweeneypro
Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee
Interest in Baoshang, based in Inner Mongolia, comes thanks to its colourful history. Its biggest stakeholder - and a major borrower - was Tomorrow Holdings, run by Xiao until he vanished in 2017 from a Hong Kong hotel. The insurance conglomerate’s assets are now being sold off piecemeal. City banks held just 13% of total assets in the first quarter of 2019, and rural lenders another 7%, but they represent an outsize share of the country’s financial risk. As the state giants attract the best, government-guaranteed clients, small fry make do with the rest, which means more duff debt. Ruses to cover up the damage are not uncommon: in 2018, Shanghai’s Pudong Development Bank was fined for using 1,493 shell companies to hide non-performing loans.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Trump set to send $16 billion to bailout farmers hurt by China trade war'It's a good time to be a farmer, we're going to make sure of that,' President Trump says, announcing $16 billion in aid to farmers as the trade war with China continues
Weiterlesen »
Breakingviews - Cox: “China does it” is a bad antitrust argumentWestern values should guide competition law, not Beijing’s Communist Party. rob1cox of Breakingviews comments why he thinks 'China does it' is a bad antitrust argument as the European parliamentary elections kick off today:
Weiterlesen »
Brazil wireless carrier TIM uses equipment from China's Huawei for 5G testsBrazilian wireless carrier Tim Participacoes SA said on Wednesday it is using eq...
Weiterlesen »
China Takes Over Bank Linked to Missing FinancierChina’s central bank and banking regulator took over a troubled small commercial bank, Baoshang Bank, citing the lender as a severe credit risk.
Weiterlesen »
China's top banking regulator says yuan bears will suffer 'heavy losses'China's banking and insurance regulator on Saturday said it did not expect ...
Weiterlesen »
China's top banking regulator says yuan bears will suffer 'heavy losses'China's banking and insurance regulator said on Saturday it did not expect ...
Weiterlesen »
Perspective | Bank bailouts propped up the financial system. But we should never repeat them.Perspective: Bank bailouts propped up the financial system. But we should never repeat them.
Weiterlesen »
Trump’s $16-billion farm bailout means you’re paying for his tariff war twice'Trump is unshakably convinced that his tariffs are a tax on China. He repeated this grossly erroneous claim just Thursday, during his announcement of a new $16-billion bailout for farmers harmed by, yes, his tariff war.' More from columnist hiltzikm:
Weiterlesen »
Farm organization president says he hasn't received money from 2018 bailout as Trump announces new subsidies'These farmers are going to end in bankruptcy, and committing suicide and losing their farms and they're still talking about supporting the president,' the president of the National Black Farmers Association said.
Weiterlesen »