Saturday, October 24, 2020
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Tag: Banking

Entry of Foreign Banks Will Benefit Chinese Consumers: HSBC’s Asia Chief

The regional head of HSBC says that China's loosening of the entry requirements for foreign banks will bring major benefits to the country's financial...

Foreign Banks in China Still Hampered by Restrictions on Deposit-taking

The introduction of new regulations that give greater latitude to foreign banks in China are expected to impact three key areas, yet insiders say...

Shadow Banking in China is Becoming More Interconnected and Complex: BIS

A new working paper from the Bank for International Settlements points to the increasing complexity of China's shadow banking sector as it undergoes key...

Big State-owned Banks Raise Home Loan Rates Again in Guangzhou

State-run lenders in the Guangdong province capital of Guangzhou have once again raised interest rates for home loans, in a sign that the government...

Chinese Banks Scale Back Credit for Real Estate Development

Financing channels for Chinese property developers have become increasingly scarce since the start of the new year, with domestic media now reporting that many...

CBRC Targets Bank Funds Entering Stock and Real Estate Markets

The China Banking Regulatory Commission is further intensifying its crackdown on shadow banking activities, specifically targeting illicit flows of funds into the stock and...

“Central Bank of Central Bank’s” China Stress Index Posts Fifth Consecutive Quarter of Decline

A key measure of stress in the Chinese banking sector has posted its fifth consecutive quarter of decline, in a sign that Beijing's ongoing...

China’s Banking Regulator Curbs Interbank Lending to Combat Risk

The China Banking Regulatory Commission says that it has achieved significant progress in containing risk in the financial system by reducing the level of...

Banking Regulator Sets Its Sights Upon Commercial Municipal Lenders

The China Banking Regulatory Commission has warned municipal lenders that it plans to step up scrutiny of the rapidly-expanding sector, as part of efforts...

Local Government to Blame for China’s Financial Instability: Zhou Xiaochuan

The head of China's central bank has pointed the finger of reproach at local government for exacerbating the fragility of the country's financial system. In...

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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...