Policies target risks in banking sector

Quick Summary:

CHINA's recent introduction of a forceful policy package, which includes support for local governments to resolve debt risks and efforts to stabilize the real estate market, will help mitigate financial risks in the banking sector and steer the economy toward a stable recovery, analysts said.

This is particularly the case for small regional banks as they tend to have higher exposure to developers, local government financing vehicles and MSEs, Xu said.

These easing measures could alleviate repayment burdens for borrowers, and regulatory forbearance extended to property developers and medium and small-sized enterprises could also help mitigate near-term default risks, said Elaine Xu, director of Asia-Pacific Financial Institution at Fitch Ratings.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Banking Policy Economy Financial Debt /Business/Business News Real estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:10:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23320238

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 9 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions