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Shenyang’s Municipal Bank Achieves Double Digit Growth in 2016

Amidst an increasing challenging environment for the Chinese banking sector, Shenyang-based Shengjing Bank managed to pull-off double-digit revenue growth in 2016. Shengjing Bank's full year net profits...

BOC Launches Two Issues of Non-performing Asset Backed Securities

Bank of China launched its first two issues of non-performing asset backed securities at the end of March, including the lender's first issue of securitised...

BComm Public Relations Exec Sentenced to 6 Years for Corruption

The People's Court of Shanghai's Pudong Development Zone has sentenced a former senior executive with Bank of Communications to 6 years jail for receiving...

ABC Seizes Early Mover Advantage in China’s Inland Free Trade Zones

The Agricultural Bank of China (ABC) is amongst the first of China's major banks to provide financial services in the country's new set of inland free...

Hua Xia Bank Touts Integrated Business Model

At a recent banking summit on capital markets held by Hua Xia Bank in Beijing, the joint-stocklender promoted a new integrated service plan for listed...

Industrial Bank Launches First 10bn Convertible Bond Fund

China's Industrial Bank Co. executed an agreement on 5 April for its largest ever bond conversion fund. Industrial Bank executed the Bond Share Conversion Fund...

Residential Property Loans Set to Ease in 2017

Senior figures from China's big four banks have flagged a marked easing in residential property loans this year after the sector went on a spree in 2016. Based on...

60% of China’s Leading Banks Make Forays into Financial Leasing

As part of efforts to find new profit growth points more than half of China's leading listed banks have made forays into financial leasing via the...

Growth in NPL’s Amongst China’s Big Four Banks Eases

China’s big four banks are pursuing concerted measures to reduce non-performing loans as economic expansion eases and profit growth slows down. The latest slew of...

People’s Bank of China Turns to Industrial and Commercial Authorities for Credit Information

The People's Bank of China is trialling the use of information provided by the government's industrial and commercial authorities to improve lending decisions in Hubei province. The...

What Does a Model Transition Mean for Chinese Banks?

The phrase "model transition" (转型) has been touted with increasing frequency  by the banking sector, appearing on dozens of occasions in each of the annual reports...

SAFE Says Foreign Debt Deleveraging Has Come to an End

Data from the State Administration of Foreign Exchange (SAFE) indicates that that China's full foreign debt balance was USD$1,420 billion as of the end...

Latest stories

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...