institutions: Industry insiders said that Bank of Jinzhou may have some borrowers that failed to repay their loans on time, causing liquidity problems, according to Global Times China. According to a report from sina, corporate loans account for more than 90 percent of the bank's loan portfolio. The bank said that its business is operating normally. The local branch of China's central bank and other regulators held a meeting with local financial institutions recently to discuss liquidity problems of the bank, Reuters reported on Wednesday, citing anonymous sources. As financial institutions in China face more competition in businesses such as asset management from third-party payment institutions, small banks that are more vulnerable to defaults are prone to encountering operational problems, Dong said. Dong Dengxin, director of the Financial Securities Institute at Wuhan University of Science and Technology, told the Global Times on Thursday that injecting abundant funds into the bank and helping it find investors would be a quick way to help it overcome its liquidity problems.
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