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Monthly Archives: February, 2019

Perpetual Bonds Will Help to Expand Capital Supplementation Channels: Chinese Central Bank

A senior official from the Chinese central bank has highlighted the role that perpetual bonds will play in helping domestic lenders to shore up...

Core Tier 1 Capital Adequacy Ratio of Commercial Chinese Banks Stands at 11.03%

The latest official data points to a modest rise in the core tier 1 capital adequacy ratio of Chinese commercial banks in 2018. Figures...

JD.Com Will Oust 10% of Senior Executives in 2019

Sources have told domestic media that one of China's leading internet companies plans to slash the ranks of its senior executives by the end...

Assets of China’s Municipal Commercial Banks Hit 31.72T Yuan at End of 2017

A new report from the peak industry body for China's banking sector sheds light on the state of the country's municipal commercial lenders. The...

Foreign Investment in Chinese Capital Markets to Hit Record High in 2019: Citibank, Morgan Stanley

Several leading investment banks forecast a surge in foreign investment in Chinese capital markets this year. A recent report from Citibank says that Chinese capital...

ICBC Becomes Fifth Big State-owned Bank to Obtain Approval for Wealth Management Subsidiary

The world's biggest bank in terms of assets has become the fifth major state-owned lender in China to obtain approval from Beijing for the...

State Financing Guarantee Fund Helps out 25,245 Chinese Enterprises

The Chinese central government is stepping up efforts to provide financing to small and medium-sized enterprises as part of broader measures to support to...

JD.com’s Fintech Vehicle Embroiled in Online Privacy Scandal

The fintech subsidiary of one of China's leading online companies has become embroiled in a scandal involving the private images of users. On the...

Over 380 Online Lending Platforms under Investigation by Chinese Authorities, 62 Suspects Extradited

Chinese authorities have placed over 380 online lending platforms under investigation for criminal financial activities. The Ministry of Public Security announced on the evening of...

Tencent’s Surging Fintech Growth Driven by Online Wealth Management

Online wealth management has emerged as a mainstay fintech operation for one of China's leading tech giants. Fintech accounts for an increasing share of Tencent's...

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