Wednesday, October 5, 2022

China Construction Bank Plans to Launch Consumer Finance Subsidiary with Wangfujing Group

One of China's big state-owned banks has grabbed preliminary approval from Chinese regulators for the launch of a new consumer finance company. On 27...

Shanghai Financial Prosperity Index Posts 12.9% Rise in 2022

Shanghai has just seen a sizeable rise in a key index that assesses its overall level of development has a regional and international financial...

Postal Savings Bank of China Leads Launch of Green Bond Collateral Pools

Big state-owned lender Postal Savings Bank of China (PSBC) has taken the lead in efforts to drive the use of green bonds as collateral...

Chinese Central Bank Puts Finishing Touches on New Reloan Initiative Targeting Upgrades to Infrastructure and Equipment

On 28 September the People's Bank of China (PBOC) announced that it had finalised the relevant details for its equipment upgrade and improvement reloan...

Agricultural Bank of China Enters Strategic Partnership with China Unicom

Big state-owned lender Agricultural Bank of China (ABC) has stepped up its strategic cooperation with telecommunications giant China Unicom, outlining a focus on fintech...

Chinese Renminbi Ranks Fourth Globally for Cross-border Payments: PBOC Renminbi Internationalisation Report

The renminbi currently ranks fourth as a medium for international payments, according to a new report from the People's Bank of China (PBOC). In...

Postal Savings Bank of China Leads Launch of Green Bond Collateral Pools

Big state-owned lender Postal Savings Bank of China (PSBC) has taken the lead in efforts to drive the use of green bonds as collateral...

Chinese Central Bank Puts Finishing Touches on New Reloan Initiative Targeting Upgrades to Infrastructure and Equipment

On 28 September the People's Bank of China (PBOC) announced that it had finalised the relevant details for its equipment upgrade and improvement reloan...

Chinese Central Bank Uses WeChat to Tout Ongoing Commitment to Systemic Financial Risk Prevention

The People's Bank of China (PBOC) has reiterated its commitment to the prevention of systemic risk in the Chinese financial system in an article...

CBIRC Removes Licensing Requirements for Key Executive Appointments and Bond Issues by Banks

The China Banking and Insurance Regulatory Commission (CBIRC) has made amendments to reduce licensing requirements for executive appointments and bond issues by domestic lenders,...

Industrial Bank Grabs Award for Belt and Road Green Investment

Fujian province joint-stock lender Industrial Bank Co,. Ltd. has won an award for its green finance efforts in support of projects that are part...