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Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Thematic (Sector/Industry)

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<em><strong>China Loves the "F" Word:</strong></em> The China Bank and Insurance Regulatory Commission's (CBIRC) latest bout of bank capital forbearance in reaction to the negative economic implications of the corona virus pandemic: 1) Banks can now roll over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue debt; and 2) Some banks are also refraining from reporting delinquencies to mainland China's centralized credit-scoring system and allowing borrowers to skip interest payments for up to six months.</li>
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<em><strong>Sick Man of Asia Is a Double Entendre:</strong></em> Not only is mainland China the epicenter for the corona virus outbreak, but it certainly appears its struggling financial system is as ill as the folks in Wuhan. There are increasing and hidden risks on bank balance sheets. Its latest bout of forbearance is reversing a several year trend of vigilance and discipline within its financial system.  </li>
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China Loves the "F" Word: The China Bank and Insurance Regulatory Commission's (CBIRC) latest bout of bank capital forbearance in reaction to the negative economic implications of the corona virus pandemic: 1) Banks can now roll over loans to companies at risk of missing payment deadlines and relaxing guidelines on how to categorize overdue debt; and 2) Some banks are also refraining from reporting delinquencies to mainland China's centralized credit-scoring system and allowing borrowers to skip interest payments for up to six months.

Sick Man of Asia Is a Double Entendre: Not only is mainland China the epicenter for the corona virus outbreak, but it certainly appears its struggling financial system is as ill as the folks in Wuhan. There are increasing and hidden risks on bank balance sheets. Its latest bout of forbearance is reversing a several year trend of vigilance and discipline within its financial system.  


China Banks - Abracadabra