November 21 – China's top four state-owned banks extended ¥238.04 billion in loans in October, up ¥77 billion from September, central bank figures show. The combined value of outstanding loans from the four rose to ¥22.62 trillion as of the end of October 2011.
November 17 – The turnover of online banking transactions in China rose 6% quarter on quarter and 43.7% year on year to ¥212.2 trillion in Q3 2011, 44.1% of which came from Industrial and Commercial Bank of China, according to Analysys International. Online banking users exceeded 400 million during Q3.
November 16 – The average capital adequacy ratio of China's commercial banks was 12.3% as of the end of September 2011, up a 10th of a percentage point from three months earlier, according to the nation’s banking regulator.
November 16 – China may open its compulsory road accident insurance market to foreign insurers next year, said Jin Jianqiang, director of the Insurance Association of China. The compulsory insurance was introduced five years ago.
November 15 – China's bank lending will likely total ¥8 trillion in 2012, up from this year's projected ¥7.5 trillion, according to UBS AG (NYSE: UBS).
November 15 – China's credit, real estate, foreign exchange and debts problems are controllable when dealt with separately, but the possibility of them all striking at the same time poses a serious systemic risk to the nation's banking system, the IMF warned.
November 14 – The nonperforming loan ratio of the Chinese banking system stood at 1.84% as of the end of September 2011, down 0.6 percentage points from the beginning of the year, according to the China Banking Regulatory Commission. Outstanding nonperforming loans totaled ¥1.06 trillion as of September 30, 2011, down ¥184.7 billion from December 31, 2010.
November 14 – Renminbi-denominated loans made in China totaled ¥586.8 billion in October, up ¥17.5 billion from a year ago and taking the total outstanding amount to ¥53.5 trillion, according to central bank figures.
November 8 – China will slightly ease its monetary policies in Q4 2011 and bank loans will likely total ¥9 trillion in 2012, predicted Stephen Green, Standard Chartered Bank China research chief.
October 31 – China had 3,791 micro credit companies which had extended ¥335.9 billion in loans as of the end of September, according to central bank figures. They lent ¥137.9 billion in the first nine months of this year.
October 28 – The Chinese insurance industry's gross profit expanded 54.2% year on year to ¥61.92 billion in the first three quarters, the China Insurance Regulatory Commission said. The nation's premium incomes totaled ¥1.13 trillion, including ¥777.9 billion from life insurance and ¥347.5 billion from property insurance.
October 25 – The China Insurance Regulatory Commission has warned of domestic insurers' growing inability to make payments to policyholders, and said it will help insurers tap the Hong Kong offshore Renminbi market for funds, the Wall Street Journal reported, citing Chen Wenhui, vice chairman of the insurance regulator. Chen added that Chinese insurers' solvency ratios have deteriorated because of sagging stock markets and insurers' rapid business development in recent years. Besides bank deposits, insurers are also dependent on their securities investments to cover policy claims and payouts.
October 25 – Loans denominated in Chinese and foreign currencies totaled ¥548.6 billion in Guangdong province in the first three quarters. These loans accounted for 9.1% of the nation's total and were the highest among all provincial-level regions, according to the Chinese central bank's Guangzhou branch. The amount was down ¥34.9 billion from the same period a year ago.
October 21 – Local governments in China will be allowed to issue bonds directly for the first time in 17 years to help repay bank loans and hence avoid default, said the Ministry of Finance. In a pilot program offering three and five-year bonds, the Shanghai city government will get a quota of ¥7.1 billion of bond issuance, the Guangdong provincial government will get ¥6.9 billion, the Zhejiang provincial government will get ¥6.7 billion and the Shenzhen city government will get ¥2.2 billion. Wider coverage to other provinces is expected as many local governments have borrowed heavily to fund infrastructure projects since 2008.
October 21 – Total financing in China amounted to ¥9.8 trillion in the first nine months, up ¥1.26 trillion from the same period a year ago, according to central bank figures. Total financing is the sum of bank loans, trust loans, corporate bonds and financing from other vehicles.
October 21 – China is planning to allow some foreign insurance companies to offer auto liability policies, boosting competition for the local insurers who dominate the market, the Wall Street Journal reported, citing one person with knowledge of the matter. The insurance regulator submitted a plan to the cabinet which would allow companies that meet certain criteria, such as profitability, to sell mandatory third-party liability auto insurance, said the person, who asked not to be identified because the submission is confidential.
October 20 – China will step up its crackdown on shadow loans and private lending to stabilize the financial system and the economy, said Liu Mingkang, director of the China Banking Regulatory Commission. Liu also revealed that the latest tests showed that the nation's lenders could withstand a 40% fall in property prices.
October 20 – The China Insurance Regulatory Commission toughened rules for insurers hoping to raise funds from subordinated debt issues, in a move aimed at strengthening its oversight of systemic risk in the financial sector, the Wall Street Journal reported.
$1 = ¥6.36
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