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15 Listed Chinese Banks Release 2019 Results, 80% Claim Double Digit Growth in Net Profits
15 of China’s A-share listed banks have released their preliminary annual reports for 2019. More »
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#Chinese banking
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CBIRC Stresses Commitment to Dismantling of China’s Shadow Banking Sector
China’s banking regulator has reiterated its commitment to containing the country’s shadow banking sector in 2020. More »
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Private Banks in China Reach 18 in Total Following Launch of Licensing Five Years Ago
The number of private banks approved for operation in China has reached 18 in total just five years after the licensing of the country’s first private lender in December 2014. More »
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Banks of the Future Will Be Like Fintech Companies, Shift to Dependence on Data instead of Experience: ICBC President Gu Shu
The head of the world’s biggest bank in terms of assets has stressed the critical importance of big data and fintech to future operations. More »
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Shadow Banking Assets in China Drop to Lowest Level Since 2016: Moody’s
China’s shadow banking sector has been heavily squeezed by ongoing government pressure according to a new report from ratings agency Moody’s. More »
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Everbright Bank’s Wealth Management Unit Grabs Approval to Commence Operation
China Everbright Bank has become the first joint-stock bank in China to obtain approval from the Chinese banking regulator to commence operation of its wealth management subsidiary. More »
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Rural Bank Lending in China Rises 16.5% Per Annum on Average Since 2007
A new report from the People’s Bank of China (PBOC) points to over 500% growth in rural-related bank loans since the launch of the metric in 2007. More »
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Wuxi Commercial Bank Set to Become China’s 19th Private Lender
China is expected to soon welcome its 19th private lender following the issuance of key regulatory approvals. More »
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Bank of Tianjin’s First Half Revenues Rise 48.6% YoY
Hong Kong-listed regional lender Bank of Tianjin has seen a sharp rise in its first half earnings. More »
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Beijing Plans to Ban Unlicensed Financial Sales and Marketing
China’s top financial regulators are mooting a ban on financial marketing and sales by unlicensed operators. More »
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Everbright Group and Minsheng Bank Enter Strategic Cooperative Agreement
State-owned giant China Everbright Group has entered a cooperative partnership with Hong Kong-listed China Minsheng Bank. More »
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Huishang Bank Grabs Approval for Wealth Management Subsidiary
A leading regional lender has obtained approval from the Chinese authorities to establish its own wealth management subsidiary. More »
