A PYMNTS Company

China: Bad loans threaten bank sector consolidation

By  |  August 29, 2013

Standard & Poor’s said Thursday mainland China’s banks are facing a widespread consolidation trend as non-performing loans are set to spike by the end of the year, a development that – along with the China Banking Regulatory Commission’s agenda for liberalizing interest rate setting – will likely lead to widespread consolidation throughout the sector.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    S&P is predicting a “triple hit” to the market and said it sees the occurrence of bad loans rising in the future.

    The credit rating agency released a survey Thursday predicting the trend.

    Full Content: South China Morning Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.