"Participants in the interbank market, who didn’t differentiate credit when lending to banks on the belief that they will never go bankrupt, have now become more cautious."

This year is shaping up to be the biggest by far for defaults in China’s $13 trillion bond market, highlighting the widening fallout from the government’s campaign to rein in leverage.

A major upheaval is underway in China's peer-to-peer (P2P) finance sector after numerous cases of fraud and negligence. As loans helped finance cars and property, could the crisis worsen the countr...

A planned light-railway system that was the most high-profile project in Kazakhstan of China’s Belt and Road infrastructure program has hit a wall.

Fresh questions over bailouts and failures as bad-debt rate tops 40% at some lenders

China’s troubled Bank of Jinzhou is seeking to raise 6.2 billion yuan (US$866 million) just two months after it secured a 3 billion yuan (US$419 million) bailout.

It’s also the second of several banks in Xiao’s financial empire to be put under state ward, after the May 24 nationalisation of Baoshang Bank in Inner Mongolia’s Baotou city.

Despite pressure from Beijing to lend to private sector and help arrest China’s economic downturn, the country’s banks may not have enough money.

Central bank People's Bank Of China said in its financial stability report that about 13 percent of the country's financial institutions are "high risk."