Edition:
India

Cheng Leng

BoC settles over half of cases in oil product losses, but disputes remain: sources

13 May 2020

BEIJING/SHANGHAI Bank of China (BoC) has settled with more than half of customers hurt by losses in a crude oil-linked product after a historic oil price slide into negative territory, two sources with direct knowledge of the matter said, but disputes pressure remains.

UPDATE 1-BoC settles over half of cases in oil product losses, but disputes remain - sources

13 May 2020

* BoC settles over half of the cases over oil product losses - sources

China asks banks to halt new sales of products that may lead to unlimited losses - sources

27 Apr 2020

BEIJING/SHANGHAI The Chinese regulator has asked commercial banks to halt new sales of a wide range of wealth management products that might lead to unlimited losses for investors, two sources told Reuters.

China asks banks to halt new sales of products that may lead to unlimited losses -sources

27 Apr 2020

BEIJING/SHANGHAI, April 27 The Chinese regulator has asked commercial banks to halt new sales of a wide range of wealth management products that might lead to unlimited losses for investors, two sources told Reuters.

Explainer: How China's retail investor army got burned by the shock oil collapse

24 Apr 2020

SHANGHAI/BEIJING China's retail investors take punts on everything from mainstream stocks to niche commodities and derivatives, and many were badly burned this week by exposure to U.S. oil contracts which collapsed below zero for the first time, wiping out several small accounts.

Coronavirus thwarts vulture funds' efforts to finally crack China

24 Apr 2020

BEIJING/SHANGHAI Vulture funds cheering freer access to China's $1.5 trillion in bad debt have flown straight into a knotty market complicated by coronavirus restrictions, at a time when similar curbs are serving up opportunities in easier, developed markets.

China in the driver's seat amid calls for Africa debt relief

14 Apr 2020

JOHANNESBURG/BEIJING/WASHINGTON Support is growing for debt relief to help the world's poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is one big question mark: China. | Video

China in the driver's seat amid calls for Africa debt relief

13 Apr 2020

JOHANNESBURG/BEIJING/WASHINGTON Support is growing for debt relief to help the world's poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is one big question mark: China.

Coronavirus pandemic to test China's unemployment safety net

13 Apr 2020

BEIJING The coronavirus pandemic is expected to cause millions more people in China to lose their jobs, leaving many of them stranded without a safety net, unable to access state unemployment benefits, economists say.

China's big banks flag asset pressure due to virus, boding ill for smaller kin

30 Mar 2020

BEIJING/SHANGHAI China's largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout.

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