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Competitiveness of Banks Will Lie in “Data + Algorithms” in Future: Agricultural Bank of China

A senior official from one of China's big six state-owned banks has highlighted the critical role that fintech will play in shoring...

Chinese Banks Are “Quenching Their Thirst with Poison” by Selling Depository Products via Online Finance Platforms: PBOC Official

Chinese regulators have turned their attention to the use of online lending platforms by smaller banks to draw funds from retail customers...

Digital Renminbi Will Reshape Banking and Payments Sectors, Enhance Monetary Policy and Economic Adjustments: Chinese Think Tank Experts

Experts from the Chinese Academy of Social Sciences (CASS) and the National Institution for Finance & Development (NIFD) see the digital renminbi...

Chinese Commercial Banks Issue Nearly 600B Yuan in Tier-2 Capital bonds as Smaller Lenders Continue to Face Pressure

Commercial banks in China have stepped up efforts to replenish their capital levels via bond issuance since the start of 2020.

Over $30 Billion in Special Bond Quotas Issued to Resolve Risk Problems of Smaller Chinese Banks

China has stepped up the issuance of special bonds as part of efforts to forestall risk amongst smaller regional banks.

China’s Banking Regulator Highlights Six Consumer Protection Problems for Finance Sector

The China Banking and Insurance Regulatory Commission (CBIRC) says it will focus on six major problems when it comes to protections for...

Chinese Banks Expected to Dispose of over 1.67 Trillion Yuan in Non-performing Loans This Quarter

Disposal of non-performing loans (NPL's) by Chinese banks is expected to reach a peak in the fourth quarter of 2020 at the...

Equity Allocations of Bank Wealth Management Products Hit 790.7 Billion Yuan at End of First Half

Chinese banks are expected to allocate more funds raised via the issuance of wealth management products (WMP) to equity investments.

Chinese Central Bank Calls for Commercial Lenders to Play Greater Role in National Digitisation, Capital Market Development

A senior official from the People's Bank of China (PBOC) has flagged the launch of further measures to support the development of...

Chinese Central Bank Signals Further Improvements to Cross-border and Offshore Renminbi Settlement Measures

The People's Bank of China (PBOC) has signalled further measures to facilitate the internationalisation of the Chinese currency.

Global Finance Stars of China for 2020 Unveiled

Finance publication Global Finance has just announced the winners of its 2020 Global Finance Stars of China, following a particularly fraught year...

China Bohai Bank Included in MSCI China Index, H-shares Sees Record Single Day Rise

Hong Kong-listed lender China Bohai Bank has received a major boost from inclusion in the MSCI China Index.

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.