Monthly Archives: December, 2018

Will New Rules for Bank Wealth Management Subsidiaries Pave Way for “Universal Licenses?”

CBNEditor - December 3, 2018 0

Observers says new rules governing the wealth management subsidiaries of Chinese banks serve to dramatically expand the permitted investment scope of China's 22 trillion...

China and WeChat Pay Lead the World in Mobile Payments

CBNEditor - December 3, 2018 0

China has emerged as the world's leader in terms of mobile payments according to a new report from merchant account and card payment fee...

Online Loans in China Plunge Over 70% YoY in November, 94 P2P Platforms Withdraw

CBNEditor - December 3, 2018 0

Online lending in China continues to reel from the impact of heightened regulatory scrutiny, with a decline in volumes as well as the further...

Non-performing Loans of Chinese Commercial Banks Rise for Third Straight Quarter

CBNEditor - December 2, 2018 0

The latest official data points to ongoing gains in the non-performing loans of China's banking sector. Figures released by the China Banking and Insurance Regulatory...

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