What is NCD China?

What is NCD China?

Source: World Health Organisation — Non-communicable Diseases Country Profiles, 2018. Currently, NCDs are China’s biggest health threat accounting for 89 percent (Figure 2) of its 9.98 million annual deaths.

Which Chinese bank is in trouble?

Evergrande was until recently the owner of a captive bank in north-east China and is said to be under investigation for some 100bn yuan ($15.7bn) in related-party deals.

Are Chinese banks insured?

China’s deposit insurance regulations went into effect in May 2015. Deposit insurance is provided to protect depositors from the loss of their funds and to eliminate the possibility of a run on the bank if negative rumors spread about problems associated with a particular bank.

Why do banks issue NCD?

Non-convertible debentures (NCD) are fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation. They offer relatively higher interest rates when compared to convertible debentures.

What does noncommunicable mean?

not capable of being communicated
Medical Definition of noncommunicable : not capable of being communicated specifically : not transmissible by direct contact a noncommunicable disease.

Which of these is a non communicable disease?

Noncommunicable diseases (NCDs), including heart disease, stroke, cancer, diabetes and chronic lung disease, are collectively responsible for almost 70% of all deaths worldwide.

Are Chinese banks nationalized?

After the birth of People’s Republic of China (PRC) in 1949, China’s socialist economic policy promotes the nationalization of banks thanks to the Ministry of Finance, the main controller of financial services and the management of the national capital.

Are Chinese banks privately owned?

China has six state-owned commercial banks. These banks are ranked by their Tier 1 capital amount as of 2018. Banks with asterisks (*) are the four major state-owned banks (i.e. the “Big Four Banks”)….State-owned Commercial Banks.

Is NCD a good investment?

In such a low interest rate environment, another investment option that appeals to investors is the non-convertible debentures (NCDs). NCDs are issued by corporates to raise funds from the public and offer a fixed return generally higher than what is available to investors from bank fixed deposits.

Is NCD interest taxable?

Interest on NCD is taxed under head ‘other sources’ at applicable slab rates, paid periodically or cumulatively. Interest is not subject to tax deduction at source if NCDs are held in dematerialised form and are listed on a stock exchange. Profit on sale/ redemption of NCDs has to be offered to tax as ‘Capital Gains’.