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China banks’ stealth meltdown is just getting started


Cutting consumer debt: In just six months, China CITIC Bank culled its investment receivables by almost half to 585 billion yuan (US92bil) as of Sept 30. That figure must be even smaller now after Beijing fired another warning shot in November. — Bloomberg

Cutting consumer debt: In just six months, China CITIC Bank culled its investment receivables by almost half to 585 billion yuan (US92bil) as of Sept 30. That figure must be even smaller now after Beijing fired another warning shot in November. — Bloomberg

CHINA’S banks are in trouble again.

With global markets in turmoil, the sell-off on the mainland hasn't generated as many headlines. That shouldn't be the case. In just four days, banks on the CSI 300 Index tumbled on average almost 11%, erasing the benchmark’s entire gain this year.

Markets , Banking , China , meltdown , banks

   

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