Tuesday, May 18, 2021
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China Construction Bank Teams up with CICC to Launch Investment Fund Free of Management and Transaction Fees

One of China's big state-owned banks is teaming up with a leading Beijing-based investment bank to launch a new range of investment...

Bank of China Teams up with Forbes Magazine to Launch New List of Top International Schools

A big state-owned bank in China is teaming up with one of America's most prestigious business publications to provide a new list...

Bank of Beijing Becomes First Municipal Lender in China with over 3 Trillion Yuan in Assets

Bank of Beijing has emerged as the largest municipal lender in China in terms of assets according to its latest financial report....

China’s Largest Municipal Lender Eyes Listing in Three Years as Guang An Jincai Lifts Equity Stake to over 1%

Municipal commercial lender Bank of Sichuan (四川银行) has flagged plans to list within the next several years just prior to a...

CBIRC Issues New Rules for Licensing of Chinese Banks and Insurers, Creates Three Licensing Categories

The China Banking and Insurance Regulatory Commission (CBIRC) has updated its regulations for the licensing of domestic banks and insurers in order...

Alibaba Group Joins List of E-commerce Platforms Connecting to Digital Renminbi Wallets

Jack Ma's Alibaba has joined the fast growing list of Chinese e-commerce platforms that are making moves to permit use of the...

China’s Interbank Market Upgrades Credit Derivatives Rules

The peak body for participants in China's interbank market has issued new rules updates with the goal of improving the use of...

Chinese Central Bank Releases First Quarter Lending Report

The People's Bank of China (PBOC) has released its latest report on areas to which Chinese financial institutions directed credit in the...

PBOC Undertakes Reverse Repos for 79th Consecutive Trading Day

The Chinese central bank has stepped up the activity levels of its open market operations since the start of 2021, with a...

Net Value Wealth Management Products See Market Share Rise Nearly 24 Percentage Points

Net value bank wealth management products (WMP's) have seen a surge in their market share over the past year following a push...

PBOC Releases Q4 Banking Sector Risk Assessment Results, High Risk Institutions on the Decline

The People's Bank of China (PBOC) has just made public its sweeping assessment of the health of the country's depository and lending...

ICBC Debuts More than 30 New Digital Renminbi Applications at Digital China Summit in Fuzhou

China and the world's biggest bank in terms of assets is touting the research outcomes of its participation in ongoing trials of...

Latest stories

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...