Vandell Aljarrah’s Post

The Chinese banking sector is in crisis. In one week, 40 banks disappeared, and the collapse of Jiangxi Bank of China has worsened the situation. Experts warn of severe global economic consequences. Reports indicate chaos outside Jiangxi Bank's headquarters amid bankruptcy rumors. The bank had already warned of a 30% profit drop due to loan repayment issues. The Economist notes that around 3,800 Chinese banking institutions, with total assets of €5.3 trillion, are at risk. Poor management and vast amounts of bad loans, particularly to developers and local governments, have left these banks vulnerable to the real estate market crisis. Some banks revealed that 40% of their portfolios consist of non-performing loans. Follow the TJNEWS channel on WHATSAPP 🔗 http://bit.ly/Channel_TJV TELEGRAM 🔗https://t.me/tjvnews

The Chinese banking sector is in crisis. In one week, 40 banks disappeared, and the collapse of Jiangxi Bank of China has worsened the situation. Experts warn of severe global economic consequences. Reports indicate chaos outside Jiangxi Bank's headquarters amid bankruptcy rumors. The bank had already warned of a 30% profit drop due to loan repayment issues. The Economist notes that around 3,800 Chinese banking institutions, with total assets of €5.3 trillion, are at risk. Poor management and vast amounts of bad loans, particularly to developers and local governments, have left these banks vulnerable to the real estate market crisis. Some banks revealed that 40% of their portfolios consist of non-performing loans. Follow the TJNEWS channel on WHATSAPP 🔗 http://bit.ly/Channel_TJV TELEGRAM 🔗https://t.me/tjvnews

from July 8 @Sina_21st Jiangxi Bank of China goes under China's banking sector is facing a full-scale crisis. In just one week, 40 banks disappeared, absorbed into larger institutions. Today, Jiangxi Bank of China went under, further escalating the crisis. China's smaller banks are struggling with bad loans and exposure to the ongoing property crisis. Scope of the Problem Some 3,800 such troubled institutions exist. They have 55 trillion yuan ($7.5 trillion) in assets—13% of the total banking system—and have long been mismanaged, accruing vast amounts of bad loans. Many have lent to real estate developers and local governments, gaining exposure to China’s property crisis. In recent years, some have revealed that 40% of their books are made up of non-performing loans. read rest at: https://lnkd.in/gZXr5Hhc

China’s regulators are stopping banks from inflating deposit rates to ensure funds support the real economy. But some banks, driven by their need to attract deposits, are still likely to find ways to get around tightened regulations. #finance #bank #deposit

BREAKING ALERT: Jiangxi Bank of China is bankrupt‼️‼️ China's banking sector is facing a full-scale crisis. In just one week, 40 banks disappeared, absorbed into larger institutions. 💣🇨🇳💥China's smaller banks are struggling with bad loans and exposure to the ongoing property crisis. Some 3,800 such troubled institutions exist. They have 55 trillion yuan ($7.5 trillion) in assets—13% of the total banking system—and have long been mismanaged, accruing vast amounts of bad loans. Many have lent to real estate developers and local governments, gaining exposure to China’s property crisis. In recent years, some have revealed that 40% of their books are made up of non-performing loans.

30年，从10.98%到1.35% - The drastic change in China's bank deposit interest rate - 30 years, from 10.98% to 1.35%. Revisiting my post from four days ago "In unison...." in which I wrote - "China's largest banks today lowered their deposit interest rates. Also, of note, China's central bank today unexpectedly reduced the rate at which it lends to financial institutions, marking the first such cut in nearly a year as Beijing attempts to spur sluggish economic growth. PBOC lowered the 1-yr medium-term lending facility (MLF) rate to 2.3%, from 2.5%. The bank issued 200 billion yuan in loans at this rate." This article traces the recent lowering of interest rates to key milestone over the past three decades. Lastly, the following comment from the private bank CEO who shared this article with me is both telling and, in hindsight, blessed - "看着自己20多年前买的养老保险，真是太香了" #china #banking #deposit #interestrate

Chinese Banking Bubble BREAKING ALERT: Jiangxi Bank of China is bankrupt‼️ China's banking sector is facing a full-scale crisis. In just one week, 40 banks disappeared, absorbed into larger institutions. 💣🇨🇳💥China's smaller banks are struggling with bad loans and exposure to the ongoing property crisis.Some 3,800 such troubled institutions exist. They have 55 trillion yuan ($7.5 trillion) in assets—13% of the total banking system—and have long been mismanaged, accruing vast amounts of bad loans. Many have lent to real estate developers and local governments, gaining exposure to China’s property crisis. In recent years, some have revealed that 40% of their books are made up of non-performing loans.

Week 29 - 5 Things to Know in Investing This Week Point 4) China Throws Liquidity at its Banking Sector: Amid rising deflationary pressures and a contracting property market, China is taking aggressive steps to stabilize its economy. @Peruvian_Bull recently reported on Substack (https://lnkd.in/gm9Tz-Tk) that the People's Bank of China (PBoC) has injected over $100 billion into the banking system, marking the highest liquidity levels since February 2024. This move comes in response to a banking crisis where 40 Chinese banks have collapsed recently. Commercial banks are also facing declining profits with net interest margins dropping to historic lows of 1.73% by September 2023. https://lnkd.in/eZ7AA_Xx Graph by TradingView

‼️CHINA'S BANK LENDING GROWTH FELL TO THE LOWEST THIS CENTURY‼️ #china bank lending grew just 7.7% year-over-year in November, the slowest in at least 24 years. And this is despite Chinese rates sitting at the lowest level in decades. Source: The Daily Shot, Global Markets Investor

Beijing, The Gulf Observer: The People's Bank of China (PBOC) conducted a 900-billion-yuan (approximately 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation on Monday to ensure adequate liquidity in the banking system. The funds, issued with a one-year maturity, carried an interest rate of 2 percent, consistent with the rate from the previous month’s operation. #China #ChinasCentralBank #Liquidity