Content area
Full Text
With the macroeconomic environment stabilizing, the profitability of China’s banking sector increased at an accelerated pace in 2016, finds KPMG’s 11th annual Mainland China Banking Survey.
The
The report also discusses key trends affecting the banking sector in China, including new standards for financial instruments, the fast-changing anti-money laundering (AML) regulatory landscape, the securitization of non-performing assets (NPAs), the development of foreign banks in China, and the future of bank branches in the digital age.
On NPAs, a white paper on asset securitization in China was issued in April 2017, which points out that the pilot of the securitization of NPAs will be expanded. Twelve banks, including China Development Bank, China CITIC Bank, China Everbright Bank, Hua Xia Bank and China Minsheng Bank were included in the second pilot list.
“NPA securitization helps banks diversify the approaches and channels of NPA disposal. More importantly, it allows more buyers to participate - in...