Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's economy.
Hong Kong, July 18 (ANI): To address rising public anger over frozen deposits at some rural banks in the country, the Chinese bank regulator has pledged to boost capital buffers for thousands of small banks which are facing worsening balance sheets amid a weak economy and a slump in the property market.
Beijing [China], July 3 (ANI): Small banks in China are running into trouble as they are accused of crimes, bad loans and excessive risk, due to the failure of Xi Jinping's zero Covid policy.
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