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Spectre of funding crunch looms over runs at China’s small banks

YINGKOU: Bundles of yuan notes were stacked high behind the counters of branches of Yingkou Coastal Bank earlier this month, as the northeast China lender fought off a run on deposits while onsite government officials battled rumours of a funding crunch.

Rescued China lender suspends payments on US dollar securities

SHANGHAI: A regional Chinese lender under the spotlight for liquidity strains plans to suspend dividend payments on its offshore preference shares, sending indicated prices on those securities tumbling.

China's ICBC to take 10.82% stake in Bank of Jinzhou

BEIJING: The Industrial and Commercial Bank of China (ICBC), , the country's largest lender by assets, said on Sunday that one of its unit had signed an equity transfer agreement to invest in the troubled Bank of Jinzhou.

China gives big distressed debt managers nod to make M&A plans for troubled smaller banks

SHANGHAI/BEIJING: China's banking and insurance regulator has told the country's biggest distressed debt managers to prepare contingency plans to take over or invest in high-risk small and medium-sized Chinese banks, two sources involved in the discussions told Reuters.

China gets tough on credit markets

Shanghai: One of the most opaque areas of China’s credit markets involves the practice of companies buying their own bonds.

Trump and Xi to seal a deal? Traders aren't holding their breath

SHANGHAI: Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.

China banks turn to exchanges for cash

SHANGHAI: China’s smaller banks and brokers are turning to stock exchanges to borrow short-term cash this week to escape the typical end of June pressure in money markets and more recent worries over credit risks in the sector.