Some Chinese banks hike consumer loan rates in abrupt reversal as bad debt risks mount [Globe and Mail, The (Toronto, Canada)]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Globe and Mail, The
Florence Lo/Reuters Some Chinese banks have started raising interest rates amid growing bad consumer loans in a dramatic U-turn just weeks after slashing them to unprecedented lows, a move that is expected to weigh on Beijing’s efforts to stimulate a sluggish economy. Banks including China Construction Bank, China Merchants Bank, Bank of China, and Hua Xia Bank have raised rates on consumer loans to at least 3 per cent, according to bank officials and online applications. The new rates come into effect from Tuesday. Just last month, banks cut rates to a record low of about 2.5 per cent, in response to Beijing’s push to expand consumer credit and boost demand to revive its $18-trillion economy, especially as trade tensions with the U.S. intensified. China’s leadership has identified spurring consumption as a priority to achieve a roughly 5 per cent growth target for 2025. China’s biggest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.54-billio
Show less
Read more
Impact Snapshot
Event Time:
ING
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ING alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ING alerts
High impacting ING Group, N.V. news events
Weekly update
A roundup of the hottest topics
ING
News
- European Dividend Stocks To Enhance Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Last Time Strategists Were This Bullish, European Stocks Tanked [Yahoo! Finance Canada]Yahoo! Finance Canada
- Last Time Strategists Were This Bullish, European Stocks Tanked [Yahoo! Finance]Yahoo! Finance
- OCI N.V. (OCINF) Q3 2025 Sales/Trading Call Transcript [Seeking Alpha]Seeking Alpha
- ING Comments on Euro, Turkey's Lira [Yahoo! Finance]Yahoo! Finance
ING
Earnings
- 10/30/25 - Miss
ING
Sec Filings
- 12/9/25 - Form 6-K
- 12/8/25 - Form 6-K
- 12/2/25 - Form 6-K
- ING's page on the SEC website