Monthly Archives: June, 2019

Ranks of China’s A-share Rural Commercial Banks on Track to Expand

CBNEditor - June 30, 2019 0

The number of A-share rural commercial banks listed in China is expected to increase, with larger-scale lenders set to make a return to domestic...

First Home Loan Rates in China Drop to Lowest Levels Since 2018

CBNEditor - June 30, 2019 0

In May average home loan rates in China fell to their lowest levels since the end of last year. The average national first home...

A-share IPO’s of Chinese Banks Hit Two Year High, Postal Savings Bank Could Be Biggest Listing for 2019

CBNEditor - June 30, 2019 0

Efforts by Chinese banks to list as A-share companies have accelerated markedly in 2019. Four banks successfully launched their A-share IPO's in the first...

Three Big State-owned Banks Enlisted to Aid China’s Electronic Toll Collection System

CBNEditor - June 30, 2019 0

Three of China's big state-owned banks are working with the country's transport authority to advance use of its electronic toll collection (ETC) system. On...

Over One Fifth of Chinese Netizens Use Online Wealth Management Services

CBNEditor - June 30, 2019 0

A new report on China's online wealth management sector indicates that the number of clients on the market has already exceeded 170 million. The...

Listed Lenders Account for Nearly 90% of Chinese Banking Sector Net Profits

CBNEditor - June 28, 2019 0

Listed lenders continue to heavily dominate the Chinese banking sector. The "China Listed Bank Analysis Report 2019" (中国上市银行分析报告2019) released by the China Banking Association...

Fintech Has Emerged as Core Force Behind Financial Inclusion: Hengfeng Bank Chair

CBNEditor - June 28, 2019 0

The chair and party secretary for Yantai-based commercial lender Hengfeng Bank has highlighted the key role played by fintech in advancing China's financial inclusion...

Chinese Third Party Payment Transactions Approach 60 Trillion Yuan in First Quarter

CBNEditor - June 28, 2019 0

Third party payments transactions in China neared the 60 trillion yuan threshold in the first quarter of 2019 according to a new report from...

Bank of China’s Wealth Management Vehicle Grabs Approval to Commence Operation

CBNEditor - June 28, 2019 0

Big state-owned lender Bank of China has just garnered approval from Chinese regulators for its wealth management vehicle to commence operations. On 27 June...