Yearly Archives: 2017

Bank of China Grabs Slew of Honours at Caixin Financial Awards

CBNEditor - March 30, 2017 0

The Bank of China has taken out six top honours at a recent awards ceremony for the Chinese financial sector, dominating in the debt issuance...

China CITIC Credit Card Now Compensate for Flight Delays

CBNEditor - March 30, 2017 0

China CITIC Bank has unveiled a new upgrade for its platinum credit card that will provide some form of compensation in the case of...

Net Profit Growth of China’s State-owned Banks Under 2%

CBNEditor - March 29, 2017 0

The latest round of annual reports released by listed members of China's banking sector reveals dismally low profit rates amongst some of the major...

Industrial Bank Co. Launches New Structural Reforms

CBNEditor - March 29, 2017 0

Industrial Bank head Tao Yiping has unveiled structural reforms aimed at changing the financial institution's operating model. At a recent press conference Tao said that...

China CITIC Bank Expands Provision of Integrated Services

CBNEditor - March 29, 2017 0

China CITIC Bank is making good on its strategic ambitions to become an integrated financial services provider, with sharp growth in its scale of...

China’s Industrial Bank Obtains Approval for Private Placement

CBNEditor - March 28, 2017 0

Regulators have given their approval to a non-public share offering by China's Industrial Bank Co. that hopes to raise as much as 2.6 billion yuan...

Ping An Bank Formally Launches Online Lending Management Operations

CBNEditor - March 28, 2017 0

Ping An Bank has officially joined the ranks of Chinese lenders providing online lending capital management services with the launch of its new web platform, The Shenzhen-headquartered bank...

HSBC Raises Two Year Profit Forecast for China Merchants Bank

CBNEditor - March 28, 2017 0

A new report from HSBC securities maintains a "hold" recommendation for China Merchants Bank (600036) while raising profit forecasts its target price. According to the report...

Net Foreign Liabilities of Chinese Banks Hit USD8.7bn in 2016

CBNEditor - March 27, 2017 0

The latest data from the State of Administration of Foreign Exchange (SAFE) indicates that China's banking sector saw its foreign financial liabilities hit USD$964.5 billion at...

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