Monday, June 21, 2021

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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...

People’s Bank of China Turns to Industrial and Commercial Authorities for Credit Information

The People's Bank of China is trialling the use of information provided by the government's industrial and commercial authorities to improve lending decisions in Hubei province. The...

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PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June.