CHINESE banks lowered the benchmark rate for new loans, following a series of policy-loosening steps by the central bank aimed at cushioning the economic impact of the coronavirus outbreak.

[BEIJING] China's central bank said on Friday it was cutting the amount of cash that mid-sized and small banks must hold as reserves, releasing around 400 billion yuan (S$80.94 billion) in...

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...

[SHANGHAI/BEIJING] China's banks, aiming to kick start business after a the coronavirus outbreak prompted a nationwide shutdown, have found a novel way to lure customers: free masks.

BRIGITA, a director at one of China's largest car dealers, is running out of options. Her firm's 100 outlets have been closed for about a month because of the Covid-19 outbreak, cash reserves are...

[SHANGHAI] Chinese financial firms will deploy measures used during the Severe Acute Respiratory Syndrome (Sars) outbreak nearly two decades ago to combat the new virus when markets reopen next...

CHINA'S banking sector is showing signs of strain, with more than 13 per cent of 4,379 lenders now considered "high risk" by the central bank.

[BEIJING] China's banking sector is showing signs of strain, with more than 13 per cent of 4,379 lenders now considered "high risk" by the central bank.

THE BROAD VIEW

ONE bank failed. A second and third were bailed out. Worried depositors of two more banks then rushed to pull out their savings for fear of losing them in a spectacular failure.