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Banking Finance

Bank of Ningbo Becomes Second Municipal Lender to Grab Approval for Wealth Management Subsidiary

Bank of Ningbo has become the second municipal commercial bank in China after Bank of Hangzhou to obtain approval from regulators for its own wealth management.

Categories
Banking Finance

Chinese Banks Raise Salaries in 2018, Big Six State-owned Lenders Shed 28,000 Staff

Chinese banks saw a rise in remuneration levels in 2018 in tandem with staff cuts on the back of greater fintech adoption.

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Banking Economy

Commercial Banks the Biggest Agents of Systemic Contagion: PBOC

A new essay published by the Chinese central bank contends that certain joint-stock commercial banks have become systemically important financial institutions, and could play a greater role in transmitting malaise through the financial system than the big state-owned banks.