Tuesday, March 19, 2024

Monthly Archives: April, 2019

CBIRC Launches New Draft Measures for Commercial Bank Asset Risk Categories

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued the draft version of new measures on financial asset risk categorisation for the...

Bank of Beijing Officially Unveils New Fintech Subsidiary

Municipal lender Bank of Beijing has announced the official opening of its new fintech subsidiary. On 23 April Bank of Beijing chair Zhang Dongning...

UnionPay Trials Facial Scan Payments in Chinese Colleges

Chinese payments giant UnionPay is trialling the use of facial scan devices at selected educational institutions in the north of China. Tianjin Modern Vocational...

Four of China’s Big Six State-owned Bank Post Decline in Non-performing Loan Ratio in Q1 2019

The latest round of quarterly reports for the Chinese banking sector indicates that four out of the big six state-owned lenders saw a decline...

Banking Sector Financial Institutions See Accelerated Growth in Assets and Liabilities in March

Data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable YoY rise in the assets and liabilities of the country's...

Chinese Central Bank Fines Five Businesses in Beijing for Refusal to Accept Cash Payments

The People's Bank of China (PBOC) is ensuring that Chinese businesses continue to accept cash despite the rapid spread of mobile payments throughout the...

Over 45 P2P Lending Platforms in China Forced to Withdraw, 71% Since Start of 2019

China's P2P lending platforms have seen a surge in closures since the start of 2019 as local regulators step up their pressure on the...

ICBC Grabs Approval for Issuance of 70B Yuan in Preferred Shares within China

The world's largest bank in terms of assets has obtained approval from China's banking regulatory for a new issuance of preferred shares. The China...

Bank of Hangzhou’s Direct Banking Clients Surge 113.69% in 2018

Municipal lender Bank of Hangzhou posted a surge in its direct banking clients in 2018. Bank of Hangzhou's annual report indicates that its registered...

Guangzhou Office of PBOC Cancels Enterprise Bank Account Licensing

The Chinese central bank's regional office for Guangdong province has announced the cancellation of licensing for corporate bank accounts effective from 28 April. The...

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