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India

Cheng Leng

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

18 Jul 2019

BEIJING/SHANGHAI Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

18 Jul 2019

BEIJING/SHANGHAI Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

CORRECTED-UPDATE 2-China's June new loans dip but regulator says lending demand met

05 Jul 2019

BEIJING, July 4 Chinese banks extended less in new yuan loans in June, according to a Reuters calculation based on official data, but regulators assured that credit needs of the broader economy were met.

RPT-Former UBS China banker given 9 years in prison for insider trade

24 Jun 2019

BEIJING/HONG KONG, June 21 A former UBS banker in China has been sentenced to nine years in prison by a Shanghai court for disclosing inside information related to an acquisition deal in 2017, court documents show and sources with knowledge of the case said.

Former UBS China banker given 9 years in prison for insider trade

21 Jun 2019

BEIJING/HONG KONG A former UBS banker in China has been sentenced to nine years in prison by a Shanghai court for disclosing inside information related to an acquisition deal in 2017, court documents show and sources with knowledge of the case said.

China's 'mini-Lehman' moment to spur smaller bank consolidation

07 Jun 2019

HONG KONG/BEIJING China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.

RPT-Takeover of little-known Baoshang casts doubt over other small Chinese banks

31 May 2019

* Baoshang's takeover fuels concerns over true health of other small lenders

Takeover of little-known Baoshang casts doubt over other small Chinese banks

30 May 2019

BEIJING A rare government takeover of a little-known Chinese bank has revived concerns about the true health of hundreds of small lenders in the country as a slowing economy and souring loans test their capital buffers and drain their reserves.

China's Baoshang Bank takeover raises contagion fears

27 May 2019

SHANGHAI/BEIJING A takeover by Chinese regulators of a troubled lender with links to a missing tycoon jolted markets on Monday, lifting interbank financing costs for some smaller banks and raising worries about broader risks to the country's financial system.

China bank first-quarter bad loans hit 16-year-high as regulator tightens oversight

10 May 2019

BEIJING/SINGAPORE The amount of non-performing loans (NPLs) at China's commercial banks rose to 2.16 trillion yuan ($317.66 billion) at the end of March, the highest since the end of 2003, official data showed on Friday, as Beijing steps up efforts to curb financial risks.

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