China's banking regulator hopes to curb the financial risk created by the unlicensed operations of the country's banks beyond their own home jurisdictions.
The China...
Two of China's big four state-owned banks have obtained approval from Beijing to launch their own wealth management subsidiaries.
In mid-November Bank of China became...
Fuzhou-based Industrial Bank has announced the launch of its own debt-for-equity subsidiary.
Industrial Bank plans to invest 10 billion yuan in the launch of the...
A new report from McKinsey & Company forecasts a significant rise in the risk-adjusted return on capital for Chinese banks following improvements to pricing...
A new blockchain and fintech incubator has just opened for business in the Guangdong Financial Hi-tech Zone.
The "Blockchain +" Fintech Industry Incubation Centre (“区块链+”金融科技产业孵化中心)...
Domestic observers expect local government bond issuance to further expand and accelerate in 2019, as Beijing contends against downwards economic pressure.
Mao Jie (毛捷), a...
As the cashless revolution sweeps China's consumer market, the Chinese central bank has started to issue fines to businesses that refuse to accept cash...