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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

China’s Banking Regulators Eased Loan Transfer

April, 27 2017
watermark Economic news

The policy for non-performing loan transfer was loosened to allow to permit lenders to sell unprofitable debts that are formerly bundled by 10’s which is now by 3’s. This is the most recent action of the China Banking Regulatory Commission (CBRC) to help alleviate the problem of a huge pile of debt because of sluggish economic growth. The idea is the smaller number of the bundle would allow banks to get rid of bad debt at a faster rate.

Margins have been narrowed down following concurrent reduction in interest rates as a mountain of bad debt increases that slowed down the economic growth rate of the country over the past 25 years.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.