Chinese commercial lenders' bad loan ratio slightly up in Q3-- China's commercial banks saw a higher non-performing loan ratio at the end of Q3, data from the China Banking and Insurance Regulatory Commission showed on November 19. The non-performing loan ratio of commercial banks stood at 1.87 percent, 0.01 percentage points higher than the end of Q2. Outstanding bad loans from commercial banks amounted to 2.03 trillion yuan (292.4 billion U.S. dollars) by the end of Q3, 75.1 billion yuan more than that of Q2. By the end of Q3, Chinese commercial banks held 264 trillion yuan in assets, up 7 percent year on year, the regulator said.
China's rail freight volume up 10.1 pct in October -- China's railway freight volume, an indicator of broad economic activity, expanded at a faster pace in October, data showed on November 19. Railways carried a total of 355 million tonnes of cargo last month, up 10.1 percent from one year earlier, according to data from the National Bureau of Statistics. The growth accelerated from the 9.7-percent rise registered in September. In the first ten months, railway freight totaled 3.33 billion tonnes, up 8.2 percent year on year.
China's privately-offered funds shrink slightly in October-- The total value of privately-offered funds in China stood at 12.77 trillion yuan (about 1.8 trillion U.S. dollars) at the end of October. The figure was down 31.3 billion yuan, or 0.24 percent, from a month earlier, according to the Asset Management Association of China.In breakdown, the value of funds investing in securities shrank 4.58 percent to 2.28 trillion yuan due to weak performance of the stock market.
Profit of China's petroleum, chemical industry up 45.2 pct in first 3 quarters -- China's petroleum and chemical industry posted rapid growth in the first nine months of 2018, official data showed. The sector's profit amounted to 712.1 billion yuan (about 102 billion U.S. dollars) in January-September, with an increase of 45.2 percent year on year, according to the Ministry of Industry and Information Technology (MIIT). Revenue of core businesses in the industry expanded 14.8 percent during the same period, reaching 9.59 trillion yuan.
China's major securities brokers report 6.19 trillion yuan in asset value -- Assets of China's major 131 securities brokers totaled 6.19 trillion yuan (897 billion U.S. dollars) by the end of September, according to the Securities Association of China. In the third quarter, sales revenue of those companies stood at 189.33 billion yuan, and net profits reached 49.66 billion yuan, according to the association. A total 105 companies made profits in the third quarter. Companies gained 52.63 billion yuan of sales revenue from securities investment earnings, 49.56 billion yuan from acting buying and sales of securities, and 17.28 billion yuan from securities underwriting and sponsorship.
China's road cargo traffic gains momentum in Jan.-Oct. -- China's road freight transport continued fast expansion in the first 10 months of this year, the Ministry of Transport said on November 17. From January to October, the amount of cargo carried on roads, which takes up the lion's share in China's total cargo transport, increased 7.7 percent year on year to 32.27 billion tonnes, the ministry said in a statement. In October alone, road cargo traffic rose 10 percent to 3.63 billion tonnes, the statement said.
China's raw coal output remains stable in October -- China's output of raw coal maintained stable growth in October, expanding 8 percent year on year to 310 million tonnes. The growth rate accelerated from the 5.2-percent growth rate in September, according to the National Bureau of Statistics (NBS).
China issues 3.2 trillion yuan of bonds in October -- The value of bonds issued in China last month totaled 3.2 trillion yuan (about 460 billion U.S. dollars), according to data from the central bank. Treasury bond issuance stood at 349.5 billion yuan, while local government bond issuance was worth 256 billion yuan, according to the People's Bank of China. By the end of October, the size of outstanding bond market debt was 83.8 trillion yuan.
China approves projects worth 13.2 bln USD in October -- China's top economic planner approved nine fixed-asset investment projects in October with a combined investment of 91.8 billion yuan (about 13.2 billion U.S. dollars), latest data shows. The projects were primarily in transportation and energy areas, according to Meng Wei, spokesperson for the National Development and Reform Commission. Fixed-asset investment, one of the major drivers of China's economy, posted a faster growth of 5.7 percent in the Jan.-Oct. period, up from 5.4 percent in the Jan.-Sept. period, according to data from the National Bureau of Statistics.
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