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Bank of Ruifeng First Bank to Pass Securities Board Review in 2021, Set to Become Zhejiang’s First Listed Rural Lender

Zhejiang province's Bank of Ruifeng (浙江绍兴瑞丰农村商业银行) has become the first bank in 2021 to pass review by the China Securities Regulatory Commission...

Bank of Beijing Launches Fintech Innovation Laboratory, Eyes Cooperation with CAS on AI, Big Data

The Bank of Beijing has opened its own fintech research facility in the eastern part of China's national capital.

Chinese Central Bank Issues Slew of Fintech Awards to the China Financial Certification Authority

The People's Bank of China (PBOC) officially issued a raft of awards for fintech applications to the China Financial Certification Authority (CFCA)...

Three of China’s Big State-owned Banks Still Leaderless Following Spate of Resignations

Several of China's big state-owned banks are still awaiting the replacement of their top executives following a spate of resignations since November....

JPMorgan Mulls Wealth Management Venture with China Merchants Bank

Wall Street bank JPMorgan Chase & Co. plans to launch a new wealth management joint-venture in China with the country's largest private...

Inner Mongolia Issues 8.5 Billion Yuan in Special Bonds to Support Two Regional Banks

Inner Mongolia has become the fifth province-level entity in China to issue special bonds to support the capital standing of its small...

CBIRC Puts Kibosh on Sale of Bank Wealth Management Products via Online Channels

The wealth management vehicles of Chinese banks will be excluded from selling their products via online platforms following the launch of a...

Chinese Central Bank’s 2020 Q4 Meeting Highlights Support for Post-COVID 19 Recovery, Stable Yet Flexible Monetary Policy

The routine meeting of the People's Bank of China (PBOC) for the final quarter of 2020 has highlighted the maintenance of stable...

First Margin Trades Backed by a Foreign Bank in China Completed by Standard Chartered Following Launch of New QFII Rules

China has just seen the completion of the first batch of margin trades supported by foreign invested banks licensed to conduct domestic...

PBOC Undertakes 20 Billion Yuan in Reverse Repo Operations on 28 December for Net Injection of 10 Billion Yuan

The People’s Bank of China (PBOC) announced that it undertook 20 billion yuan in reverse repo operations on 28 December.

Xiaomi, JD-backed Agency Grabs China’s Second Personal Credit License

The People's Bank of China (PBOC) has just issued China's second ever personal credit ratings license to a joint-venture backed by smartphone...

China’s Banking Sector Releases Its First Blockchain Supply Chain Finance White Paper

The Chinese banking sector has just seen the release of its first white paper on blockchain-driven supply chain financing.

Latest stories

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.