China Construction Bank’s 2016 annual report indicates a slight uptick in net profits as well as a marginal decrease in non-performing loans.
The major state-owned players are leading a widespread trend to slashing counter staff within China’s banking sector.
Chinese banks are increasingly turning to overseas capital markets to raise funds, with a slew of preferred stock issuances set to hit Hong Kong in rapid succession.
The Bank of China has taken out six top honours at a recent awards ceremony for the Chinese financial sector, dominating in the debt issuance and overseas banking categories.
China CITIC Bank has unveiled a new upgrade for its platinum credit card that will provide some form of compensation in the case of flight delays.
The latest round of annual reports released by listed members of China’s banking sector reveals dismally low profit rates amongst some of the major state-owned banks.
Industrial Bank head Tao Yiping has unveiled structural reforms aimed at changing the financial institution’s operating model. Continue reading “Industrial Bank Co. Launches New Structural Reforms”
China CITIC Bank is making good on its strategic ambitions to become an integrated financial services provider, with sharp growth in its scale of operations last year.
Regulators have given their approval to a non-public share offering by China’s Industrial Bank Co. that hopes to raise as much as 2.6 billion yuan in capital to shore up first-tier capital.
Ping An Bank has officially joined the ranks of Chinese lenders providing online lending capital management services with the launch of its new web platform,