Vietnam 

Credit funds to lend helping hand to SMEs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  SMEs will be handled by credit guarantee fund if their business and production are affected by objective reasons. — Photo Vietnamplus HÀ NỘI — Small- and medium-sized enterprises (SMEs) will be aided by credit guarantee funds if a change in State policies results in their failure to pay debt, including principal and interest, on time. This is a key part of a finance ministry circular guiding the credit guarantee funds’ mechanism of credit risk management for SMEs, which was recently issued. The firms enjoying the credit guarantee funds also includes the SMEs who suffer losses of finance…

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China 

China’s small banks still struggling to obtain funds to lend three months after first bank failure in 20 years

China’s numerous small banks are still struggling to raise the finances needed to be able to offer more loans to aid the slowing economy nearly three months after the country’s first bank failure in more than 20 years.After the government takeover of Baoshang Bank at the end of May, larger banks and investors remain cautious about providing financing to smaller institutions, fearful that their balances sheets hide large numbers of bad loans amid a continued government clampdown on risky lending… Source link

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China 

Chinese banks may not have enough capital to lend economy out of slowdown, says Fitch

Chinese banks do not have adequate capital to support the sort of large-scale lending that could bolster economic growth in the world’s second-largest economy, Fitch Ratings has said.The global credit rating agency has predicted China’s economy to slow from 6.2 per cent this year to 5.8 per cent in 2021. Grace Wu, senior director and head of Fitch’s Greater China banks business, believes that “the peak of the US tariffs has yet to come”.The US and China agreed to a temporary trade war truce… Source link

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China 

China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows

Chinese banks lending was slightly higher in May from a month earlier, but the value remained below expectations as the impact of the trade war played on lenders’ minds, leading to speculation that the economy may need another, bigger jolt in the arm.The value of new yuan-denominated loans dropped to 1.18 trillion yuan (US$170.54 billion) in May, lower than the market expectation of 1.3 trillion yuan and only slightly higher than April’s reading of 1.02 trillion yuan, according to data released… Source link

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China 

Chinese banks lend record amounts as government seeks to stop economic slowdown

China’s banks extended a record 16.17 trillion yuan (US$2.4 trillion) in net new loans last year the People’s Bank of China said on Tuesday, as policymakers pushed lenders to fund cash-strapped firms to prop up the slowing economy. The new figure, well above the previous record of 13.53 trillion yuan in 2017, is an indication that the bank has been moderately aggressive in using monetary policy to stimulate the economy, which slowed sharply as a result of the trade war with the US. Outstanding yuan loans were up 13.5 per…

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