Tuesday, May 18, 2021

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“Strong Regulation, Strong Accountability” Set to Be New Normal for Chinese Banks

As Beijing pushes through with supply-side structural reforms, China's banking authorities are seeking to make "strong regulation, strong accountability" (强监管,抢问责) the new normal for the...

Big Banks Vie for a Piece of Xiongan New District

Leading financial institutions are competing for footholds in the Xiongan New District, an urban area which is set to be three times the size of New...

E-Commerce a Key Driver of Consumer Credit Growth

A new report indicates surging consumption in China is prompting sharp consumer credit expansion, with e-commerce serving as a key driver of growth. According to...

China’s Chief Insurance Regulator Investigated for Corruption

Chen Junbo, the party secretary of China's Insurance Regulatory Commission, has been placed under investigation by the Chinese authorities for serious breaches of duty. According...

China’s Banking Regulator Strives to Ensures Funds Reach Real Economy

The China Banking Regulatory Commission (CBRC) has hit major lenders with a slew of fines as well as released a new set of guidance...

China’s Bond Market Shrinks as Non-standard Financing Surges

The latest data on social financing in China shows that the Middle Kingdom bond market posted negative growth over a recent quarter-long period. During the period from...

CCTV Host Bristles Over Penalty Rate on CCB Credit Card

  A prominent Chinese television host has sought to draw attention to what he considers to be unfair credit card practices on the part of the...

Financial Management Revenue Leaps Amongst Listed Chinese Banks

Revenue derived from financial management product posted strong gains amongst China’s listed banks last year. Most of China’s financial institutions saw only modest net profit gains...

Demand Deposit Rates at China’s Big Five Banks All Below Benchmark

  The latest data points to a widespread decline in account rates since the end of 2016, with demand deposit rates provided by China's big five...

Agricultural Development Bank of China Expands into Maritime Lending

The Agricultural Development Bank of China has flagged ambitious plans to expand its provision of credit to ocean-related economic activities. The two parties executed the "State Oceanic Administration...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...