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This article in the Economist magazine points out that official data do not accurately show the health of the banking sector, with large number of bad loans at smaller banks. Bank shares it points out are priced in a way that reflects bad loans at 5-10% of loans.
Bad loans at China's banks, especially smaller banks that make up a third of the banking sector, in 2015
07/04/2015
Grouped Articles
Economist 07/04/2015
A Warning on China Seems Prescient
New York Times 08/24/2015
China’s Banks Face Worst Year in Over a Decade
Wall Street Journal 08/28/2015
Overheard: One ‘Best-Case’ Scenario for China’s Banks Is Pretty Bad
Wall Street Journal 09/17/2015
China’s Banks Are Hiding More Than $2 Trillion in Loans
WSJ 12/07/2016
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06/19/2018
Capital raised by China's banks 2010-2014
07/21/2011
Grouped Articles
Big Trouble at Little China Banks
Wall Street Journal 07/21/2011
Chinese Banks' Divided Capital
Wall Street Journal 10/31/2013
China Banks Keep the Fees Flowing
Wall Street Journal 12/27/2013
Wall Street Journal 08/18/2014
Profit Growth Is Slowing at China’s Biggest Banks
Wall Street Journal 10/30/2014
China Adds Cash to Banking System to Spur Growth
Wall Street Journal 12/12/2014
China's banking system in 2010-2015
01/12/2010
The effects of the stimulus spending binge and speculative behaviours of local governments and state owned companies, on the loans made by state owned banks.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
China's central bank, People' Bank of China (PBOC), and policies promoting macroprudence in lending in 2013-2014
06/25/2013
Grouped Articles
As Markets Seesaw, Chinaâs Central Bank Tries to Allay Concern on Tight Credit
New York Times 06/25/2013
Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
China's Credit Levels Echo U.S. Crisis
Wall Street Journal 09/08/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
China's Central Banker Leads Push to Overhaul Economy
Wall Street Journal 11/05/2013
Insuring a Path to Chinese Reform
Wall Street Journal 11/06/2013
Fitch Ratings analyst Charlene Chu's analysis of China's shadow banking and unreported private debt
08/01/2010
CHina's private debt is over twice China's GDP according to Fitch Ratings analyst Charlene Chu
Grouped Articles
Charlene Chu Is the 'Rock Star' of Chinese Debt Analysis
Wall Street Journal 08/22/2013
China's Credit Levels Echo U.S. Crisis
Wall Street Journal 09/08/2013
Heard on the Street: Shadow Boxing With Risk at Chinese Banks
Wall Street Journal 09/22/2013
China Think Tank Offers Reform Wish List
Wall Street Journal 10/30/2013
Chinaâs Real Estate Boom and Conflicting Policy
New York Times 08/01/2010
Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
WSJ's series on China's banks in 2014- "Rising Risks"
12/27/2013
Grouped Articles
China Banks Keep the Fees Flowing
Wall Street Journal 12/27/2013
Xi Faces Test Over China's Local Debt
Wall Street Journal 12/31/2013
Regulators at Odds on Reining In China's Shadow Lending
Wall Street Journal 01/15/2014
Wall Street Journal 08/18/2014
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09/16/2014
Profit Growth Is Slowing at China’s Biggest Banks
Wall Street Journal 10/30/2014
The role of "loan guarantee chains" in fueling China's credit bubble and the surge in bad loans in 2014-2015
11/24/2014
Experts says what is unusual in China is that the loan guarantees for one firm are given by other firms in different industries. One defaulting textile firm had its loan guranteed by a machinery maker and a paper maker. The result is it creates problems for all of the firms. The other problem aspect of this arrangement is that banks evaluated credit risk by using these loan guarantees as evidence of creditworthiness. Till 2012 with no slowdown in growth in sight no questions were asked. With the slowdown in 2014-2015 this means a surge in bad loans in China's banking system unlike what it has experienced before, as continued high pace of growth can no longer be relied on to cushion the banking system from the risks.
Grouped Articles
Loan ‘Guarantee Chains’ in China Prove Flimsy
Wall Street Journal 11/24/2014
Economist 07/04/2015
A Warning on China Seems Prescient
New York Times 08/24/2015
China’s Banks Face Worst Year in Over a Decade
Wall Street Journal 08/28/2015
Overheard: One ‘Best-Case’ Scenario for China’s Banks Is Pretty Bad
Wall Street Journal 09/17/2015
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06/19/2018
Build transfer transactions accounting for 40% of the 67% growth in China's local government debt for 2010-2013
05/19/2014
The rapid growth of build transfer transactions which are not properly regulated and now account for 16% of local government debt from 10% in 2010. The conncection between local government debt, shadow banking and housing construction in China.
Grouped Articles
China's Debt Risks Come to Fore in Housing Project
Wall Street Journal 05/19/2014
Chinese debt: The great hole of China
Economist 10/17/2014
China’s Shadow-Banking Boom Is Over
Wall Street Journal 12/24/2014
Debt That Once Boosted Its Cities Now Burdens China
Wall Street Journal 01/28/2015
Economist 07/04/2015
A Warning on China Seems Prescient
New York Times 08/24/2015
China Bank Regulatory Commission
06/17/2010
Grouped Articles
Chinese Bank Regulator Warns of Loan Risks
Wall Street Journal 06/17/2010
Regulators at Odds on Reining In China's Shadow Lending
Wall Street Journal 01/15/2014
Economist 07/04/2015
China’s Banks Are Hiding More Than $2 Trillion in Loans
WSJ 12/07/2016
China's central bank's (PBOC) monitoring of loan default risk in 2014
05/07/2014
Grouped Articles
China Central Bank Vows to Step Up Monitoring of Loan Default Risks
Wall Street Journal 05/07/2014
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09/16/2014
China Moves to Free Up Money in Its Economy
New York Times 02/04/2015
Economist 07/04/2015
China’s Banks Face Worst Year in Over a Decade
Wall Street Journal 08/28/2015
Beijing Muddles Markets With Mixed Signals
Wall Street Journal 01/06/2016
Credit tightening in China in 2013-2014 with curbs on shadow banking
01/17/2014
Grouped Articles
China Slows Pace of Lending, but Informal Loans Increase
Wall Street Journal 01/17/2014
Wall Street Journal 02/02/2014
Shadow banking in China: Credit paroled
Economist 02/04/2014
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09/16/2014
Chinese debt: The great hole of China
Economist 10/17/2014
China’s Shadow-Banking Boom Is Over
Wall Street Journal 12/24/2014
Off-balance sheet shadow lending by Chinese banks.
01/12/2010
Even after the efforts to restrain lending in 2010 in China following heightened stimulus lending in 2009, the level of bank lending has exceeded 10.5 trillion yuan and is at the same level as 2009. This includes the lending through trusts and other mechanisms according to Fitch Ratings. This explains the inflationary pressures and property bubble.
Grouped Articles
Asia Goes on a Debt Binge as Much of World Sobers Up
Wall Street Journal 05/24/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
World Bank report on China (semi-annual Economic Update) of July 1, 2015
07/04/2015
The report says government policies could hurt long term growth.
Grouped Articles
World Bank Deletes Critical Passage on China
Wall Street Journal 07/05/2015
Economist 07/04/2015
China Unveils Economic Blueprint for 2016
Wall Street Journal 12/22/2015
Opinion | Mission Impossible: World Bank
WSJ 02/06/2019
Problems facing the China Bank Regulatory Authority (CBRC) for off-balance sheet lending and shadow banks
06/17/2010
Grouped Articles
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
China Central Bank Warns Banks on Liquidity
Wall Street Journal 06/25/2013
Credit Warnings Offer World a Peek Into Chinaâs Secretive Banks
New York Times 06/24/2013
Distress Signs Test Beijing's Resolve
Wall Street Journal 06/25/2013
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