Facing increased credit risk and bad loans, major Chinese banks are adopting satellite technology to remotely monitor and evaluate the terrestrial assets of their clients. This high-tech measure is part of an effort to safeguard the banking sector's stability.

With bad loans and repayment collateral in focus, Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets, mounting a hi-tech offensive to safeguard against rising credit risks. China Merchants Bank and Shanghai Pudong Development Bank started making use of satellites this year, following a 2022 launch by Ping An Bank and a 2020 move into satellite remote-sensing technology by Zhejiang E-Commerce Bank. Furthering the trend, the Postal Savings Bank of China.....