Thursday, October 22, 2020

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CBRC Crackdown Spurs Wave of Bond Redemptions

CBRC continues to step up its sweep of the banking sector, prompting a wave of outsourced redemptions amongst the big lenders. The China Banking Regulatory Commission has launched a...

Deutsche Bank Upgrades 2017 GDP Growth Projection to 6.7%

Deutsche Bank has raised its 2017 growth projection for China following release of Q1 data by the Chinese central bank. Data released by China's National...

Minsheng Branch Head Fleeces Premium Clients of 3bn Using Forgeries

The head of a local Beijing branch of China Minsheng Bank is under investigation for the allegedly defrauding over 150 high-net worth clients of up to...

China’s Central Bank Changes Liquidity Management Tools

The People's Bank of China just launched its sixth round of medium-term lending facilities (MLF) this year yet refrained from reverse repo operations, in what banking experts believe...

Banking Insider Highlights Differences Between China and the US

A veteran American banker has published a new book that provides an exclusive insiders account of key differences in the financial systems of the US and China. 71-year...

Ant Financial Lifts Bid for MoneyGram by Over a Third, Sidelines Euronet

Alibaba-affiliate Ant Financial has upped its ante for MoneyGram International by more than third, safely sidelining the latest competing offer made by a US...

Regulatory Crackdown Follows Rampant Growth in Balances of Chinese Banks

The China Banking Regulatory Commission has launched a campaign of unprecedented scope and intensity against misconduct in the lending sector, as part of efforts to...

Senior Chinese Banking Official Investigated for Involvement in Loan Scandal

After disappearing abruptly from the public gaze last week, Chinese media reports have finally revealed the reason for senior banking regulator Yang Jiacai's absence from official...

Growth in China’s Off Balance Sheet Financing Accelerates

The latest data from China's central bank indicates its macro prudential assessments have been able to curb accelerating growth in off balance sheet financing by lenders. Figures...

Housing’s Share of New RMB Lending Recedes in Q1 2017

The latest data from China's central bank indicates that new housing fell off as a percentage of total lending in the first quarter of 2017, while loans...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...