Default in our stars: China’s banks use satellites to track assets with sky-high scrutiny
With bad loans and repayment collateral in focus, Chinese banks are increasingly using satellites to evaluate their clients’…
More Chinese banks claw back bonuses, cut salaries despite mixed profit recovery
Several major Chinese banks have clawed back staff bonuses or cut salaries amid a sluggish economic recovery and…
New committee, bailout talk: is China launching a fresh property rescue effort?
China’s central bank confirmed on Friday that it had established a new financial stability committee to defuse the…