Saturday, April 17, 2021

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SPD Denies Losing 160bn Yuan to Shell Companies in Chengdu

Shanghai Pudong Development Bank (SPD) has countered claims that the bank's Chengdu branch was defrauded of billions of yuan. Chinese media reports from early April claimed...

Shenyang’s Municipal Bank Achieves Double Digit Growth in 2016

Amidst an increasing challenging environment for the Chinese banking sector, Shenyang-based Shengjing Bank managed to pull-off double-digit revenue growth in 2016. Shengjing Bank's full year net profits...

BOC Launches Two Issues of Non-performing Asset Backed Securities

Bank of China launched its first two issues of non-performing asset backed securities at the end of March, including the lender's first issue of securitised...

BComm Public Relations Exec Sentenced to 6 Years for Corruption

The People's Court of Shanghai's Pudong Development Zone has sentenced a former senior executive with Bank of Communications to 6 years jail for receiving...

ABC Seizes Early Mover Advantage in China’s Inland Free Trade Zones

The Agricultural Bank of China (ABC) is amongst the first of China's major banks to provide financial services in the country's new set of inland free...

Hua Xia Bank Touts Integrated Business Model

At a recent banking summit on capital markets held by Hua Xia Bank in Beijing, the joint-stocklender promoted a new integrated service plan for listed...

Industrial Bank Launches First 10bn Convertible Bond Fund

China's Industrial Bank Co. executed an agreement on 5 April for its largest ever bond conversion fund. Industrial Bank executed the Bond Share Conversion Fund...

Residential Property Loans Set to Ease in 2017

Senior figures from China's big four banks have flagged a marked easing in residential property loans this year after the sector went on a spree in 2016. Based on...

60% of China’s Leading Banks Make Forays into Financial Leasing

As part of efforts to find new profit growth points more than half of China's leading listed banks have made forays into financial leasing via the...

Growth in NPL’s Amongst China’s Big Four Banks Eases

China’s big four banks are pursuing concerted measures to reduce non-performing loans as economic expansion eases and profit growth slows down. The latest slew of...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

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China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

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PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...