Vietnam 

Mortgage requirements stand between small companies and bank loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Small enterprises complain at a conference in HCM City on Thursday that it is difficult for them to get bank loans because of stiff mortgage conditions. VNA/VNS Photo HCM CITY –Small- and medium-sized enterprises are unable to borrow from banks because they do not have property to mortgage, Trần Việt Anh, deputy chairman of the HCM City Business Association, has said. He was speaking at a conference held to bring together enterprises and banks in HCM City on Thursday, where many small enterprises in the city complained about…

Read More
Vietnam 

Sacombank assists rice production, trading with loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — As of the end of last year, outstanding loans in agricultural and rural areas around the country increased by 21.4 per cent from a year earlier, Nguyễn Quốc Hùng, director of the State Bank of Vietnam’s credit department, said. The Cửu Long (Mekong) Delta accounted for 17.2 per cent of this, he told a recent conference on “Promoting rice production and consumption in the Mekong Delta”. Outstanding loans to the rice industry alone went up by VNĐ29.8 trillion to VNĐ99 trillion (US$4.3 billion). By the end of January, it…

Read More
Vietnam 

Central bank asks for tightened control over real estate loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The State Bank of Việt Nam has asked for control over real estate loans of credit institutions to be enhanced, especially in areas showing signs of land price fever. — Photo vneconomy.vn HÀ NỘI — The State Bank of Việt Nam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever. SBV’s Governor Lê Minh Hưng in a recent document about lending operations in 2019 asked its branches and banks to keep a close…

Read More
Home 

China’s small business lending push could equal US$418 billion in new loans, S&P Global says

Beijing’s efforts to boost the availability of capital to the country’s smallest businesses could generate as much as 2.8 trillion yuan (US$418 billion) in new loans if the nation’s banks meet the government’s target to increase business lending this year, according to S&P Global.In March, Chinese Premier Li Keqiang called for the country’s biggest state-owned commercial banks to increase their loans to micro and small enterprises (MSE) by more than 30 per cent this year as China’s economic… Source link

Read More
China 

China issues record new loans on the first quarter of 2019 as Beijing battles slowing economy amid trade war

China’s efforts to battle its slowing economy amid the trade war with the United States gathered pace at the start of 2019 with banks issuing a record amount of new loans in the first quarter of the year.Banks issued 5.81 trillion yuan (US$865 billion) of new loans between January to March, beating last year’s previous high of 4.86 trillion yuan, the People’s Bank of China said on Friday.In March alone, banks issued 1.69 trillion yuan (US$251 billion) in loans, which was the second highest… Source link

Read More
Property 

China’s banks defy Beijing by pumping loans into property, despite economic slowdown

Despite Beijing’s push for state-owned banks to lend more to private companies, half of new loans issued by China’s big six banks last year went to individual property buyers.Data retrieved through a South China Morning Post analysis of the banks’ reported annual results underscores the challenges faced by Beijing in guiding more money into the real economy, amid mounting worries about higher household debt and a new housing bubble.It also illustrates the problems facing China’s private sector… Source link

Read More
China 

China pours more money into cheap loans to help regions deal with debt pile and aide economy

China will look to tackle existing debt piles and contain the “grey rhino” risk in heavily indebted regions with a pilot programme to restore local financial capability.Trillions of yuan in debt, built up over the past decade of government stimulus, has been one of the most persisting threats to the world’s second largest economy, where the scale could be further be inflated as Beijing shows no sign of dumping the debt-fuelled model to counter the economic slowdown, compounded by the fallout… Source link

Read More
Home 

Beijing orders banks to relax bad debt ratio for loans made to small companies

China’s top banking regulator has ordered commercial banks to relax their tolerance over non-performing loans (NPLs) owed by small companies, reflecting the latest move by Beijing to support private companies amid the deepening economic slow down.Commercial banks can loosen the NPL ratio tolerance for “inclusive small companies” by 3 percentage points, according to a guideline published by the China Banking and Insurance Regulatory Commission (CBIRC) on its official website on Wednesday.The… Source link

Read More
Vietnam 

Banks promise loans to struggling rice exporters – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The State Bank of Việt Nam (SBV) has urged credit institutions to ensure adequate funds to meet the capital demands of rice exporters for the winter-spring crop this year. Since the Lunar New Year (Tết) holiday, the rice export market has seen prices dropping due to oversupply. The SBV directed commercial banks to focus on timely lending to enterprises so they can buy rice from farmers.  At a meeting held late last week in Đồng Tháp Province, commercial banks, including…

Read More
China 

China’s Premier Li Keqiang warns central bank of ‘new potential risks’ posed by record loans in January

Premier Li Keqiang has warned of the “new potential risks” that China’s record level of new loans in January could bring to the financial system.The People’s Bank of China (PBOC), China’s central bank, confirmed that new yuan loans surged to 3.23 trillion yuan (US$476.97 billion) last month, almost triple the 1.08 trillion yuan (US$160.8 billion) of loans in December and beating the 3.06 trillion yuan from the same period last year.Total social financing, the more broadly defined measure of… Source link

Read More