Vietnam's Ministry of Finance proposed allowing SMEs to use digital assets, virtual assets, and intellectual property as collateral for bank loans, aiming to boost credit access for startups and tech companies.
Chinese banks are increasingly using satellite remote sensing to evaluate client assets and reduce credit risks. Postal Savings Bank of China and Chang Guang Satellite Technology recently launched a joint satellite to monitor collateral such as property and vehicles. The technology helps banks assess loan viability and repossession potential, particularly in rural and small business markets where traditional credit records may be incomplete. China's non-performing loan rate stood at 1.5% at end of last year, up from a record low of 0.9% in 2011.
