Luzhou Bank’s profit growth looks sweet, but could mask souring loans
The regional bank’s profit grew strongly last year largely on non-operational investment gains, amid signs of increasing defaults on its loans Key Takeaways: Luzhou Bank’s profit rose 23% last year,…
Bank of Jinzhou: Bailed out, but not out of trouble
A one-year suspension of the regional lender’s shares will continue as it’s not yet ready to publish its financial results for 2022 and the first half of last year Key…
PODCAST: Shaky Regional Banks, and Bubble Tea IPOs
By Doug Young & Rene Vanguestaine China's big national banks are growing wary of their smaller regional counterparts. Will this put further pressure on the smaller lenders, many of which…
Online Loan Facilitators Enter ‘Risk Management Mode’ as Times Get Tough
Lexin, 360 DigiTech and FinVolution are turning their focus to high-quality borrowers at the expense of revenue growth to shield themselves from growing default risksKey Takeaways:Lexin and 360 DigiTech reported…
OneConnect Inches Closer to Profits Under Leadership of New Chairman
The technology-as-a-service provider’s net loss narrowed substantially in the second quarter, as it continues trying to cut costs and expenses Key Takeaways: OneConnect’s revenue increased 17% in the second quarter,…
China’s Economic Slump Leaves Internet Lenders Battling Bad Loans
360 DigiTech, FinVolution and Lexin all reported first-quarter net profit declines and growing delinquent loans, amid a grim outlook for China’s economy Key takeaways: • 360 DigiTech and FinVolution posted…