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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessChina Banks' Non-performing Credit Card Loans Surge in H1: Daily
Chinese banks saw their credit card issuance volumes and loan balances plunge in H1 while non-performing rates for credit card loans surged after the pandemic reduced spending, according to the Securities Daily citing semi-annual reports from banks released in the past week. The rate of bad credit card debt for privately owned banks was worse than SOE banks, with Shanghai Pudong Development Bank's NPL ratio rising 1.01 pp from end-2019 to 3.31% while that of Minsheng Bank was up 0.75 pp to 3.23%, the Daily said. The situation has improved from Q2 and the quality of credit card loans may be controllable in H2, according to the report.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.