Friday, October 30, 2020
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Tag: Banks

China’s Banking Regulator Set to Dial Down Provision Coverage Ratio

The China Banking Regulatory Commission plans to reduce its provision coverage ratio requirements according to sources speaking to Shanghai Securities News. Shanghai Securities News reports...

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...

PBOC Allows Write-offs/Equity Conversion of Bank Capital Supplementation Bonds

The Chinese central bank will allow banking sector financial institutions to write-off their capital supplementation bonds or convert them into equity, as part of...

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...

Chinese Banking Regulator Has Issued 372 Fines Since Start of 2018

The China Banking Regulatory Commission is maintaining heavy pressure on the country's lenders, issuing a total of 372 fines during the period from the...

New Renminbi Lending Approaches 3 Trillion Yuan in January

The latest official data indicates that new RMB loans hit an unprecedented high in January despite the Chinese government's ongoing deleveraging campaign, while the...

Q4 Data Shows Liquidity Ample, Risk Under Wraps: China Banking Regulator

The China Banking Regulatory Commission said that banking sector operations are currently stable and risk is under control at a press conference held on...

Big Chinese Banks Expand into New Zealand with Political Board Appointments

Three of China's biggest state-owned lenders have established a presence in New Zealand by currying favour with leading political figures. China Construction Bank has just...

Chinese Banks Expected to Lend More to Advanced Manufacturing, Financial Inclusion

Chinese banks are expected to channel more funds to the advanced manufacturing sector, micro-enterprises and financial inclusion areas, as regulators tighten curbs on real...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...