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Chinese Central Bank Outlines Eight Key Missions for Second Half of 2021

The People's Bank of China (PBOC) has outlined its chief focal points for policy decisions in the second half of 2021.

Longgang Rural Commercial Becomes 82nd Bank in Zhejiang Province

The coastal economic powerhouse of Zhejiang province has just seen the establishment of its 82nd banking sector financial institution.

Citibank China Grabs Approval for Securities Investment Fund Custody Services

The Chinese unit of US banking giant Citigroup has cinched approval from regulators to provide custody services for securities investment funds.

China Construction Bank Commits over $46 Billion in Financing to Suzhou’s Economic Development

One of China's big state-owned banks has stepped up its financial support for the Jiangsu province economic hub of Suzhou by means...

Exim Bank of China Issues $465M in Flood Relief and Foreign Trade Bonds

One of China's big three policy banks has staged a bond issue to raise funds for flood-stricken Henan province.

China’s Smaller Banks Achieve Breakthroughs in Fintech Adoption: KPMG

Research from international consultancy KPMG highlights rapid growth in the adoption of fintech by Chinese banks at the smaller end of the...

Bank of Communications Grabs Approval for $9.22 Billion Tier-2 Capital Bond Issue

One of China's big state-owned banks had cinched approval for a new issue of bonds to shore up its capital levels.

China’s Banking Regulator Calls for Expansion of Loans to Strategic Emerging Industries, Advanced Manufacturing

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has issued a call for domestic lenders to advance Beijing's...

China’s Wealth Management Market Transformed by Launch of New Asset Management Rules

China's market for wealth management products (WMP) has undergone profound change in the more than three years since the launch of new...

China Steps up Reform Ambitions for Policy Banks

China's top financial authorities have unveiled further plans for the ongoing reform of the policy banks that are responsible for advancing policy-driven...

Central Bank Raises Information Disclosure Requirements for Chinese Non-bank Payments Platforms

The People's Bank of China (PBOC) has issued new disclosure and reporting requirements for non-bank payments platforms that are scheduled to come...

Chinese Banks Prepare 81B Yuan in Funds to Support Henan Flood Relief Efforts: CBIRC

Chinese banks are preparing to extend copious amounts of credit to assist alleviation and recovery efforts for parts of Henan province stricken...

Latest stories

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...