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PBOC to Issue New Rules on Assessment of Systemically Important Banks

A senior official has flagged the imminent launch by the Chinese central bank (the People's Bank of China) of new rules governing...

Ping An Bank Enters Strategic Partnership with JDD, Launches Joint Credit Card

The lending unit of Ping An Group and JD.com's fintech vehicle have just entered a strategic partnership covering a range of areas....

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Chinese Commercial Banks Could Soon Determine Interest Rates Independently

Proposed changes to China's commercial banking law will allow lenders to independently determine the rates for deposits and loans.

Chinese Central Bank Overhauls Commercial Banking Law

The People's Bank of China (PBOC) has unveiled a broad raft of proposed changes to China's commercial banking law.

Postal Savings Bank of China Enters Comprehensive Strategic Cooperative Agreement with JD.com’s Fintech Subsidiary

One of China's big six state-owned banks has entered a strategic cooperative agreement with the fintech subsidiary of a leading Chinese e-commerce...

Four New Registered Trustees Announced for China’s Interbank Bond Market

China has just seen the release of new list of interbank bond market trustees who have completed filing with domestic authorities. ...

Postal Savings Bank of China Deploys AI-Driven Big Data Project with Guidance of Central Bank

One of China's big six state-owned banks is making use of artificial intelligence (AI) and big data technology to augment operations at...

Over 40 Small and Medium-sized Chinese Banks Obtain Approval for Establishment in 2020

The Chinese government is driving a major shake up of the regional banking sector with the approval of a wave of new...

Chinese Central Bank Announces Bank Tech Development Awards for 2019

The People's Bank of China (PBOC) publicly announced the recipients of its "2019 Bank Technology Development Awards" (2019年度银行科技发展奖获奖项目) on 30 September.

PBOC Issues “Chinese Edition” of Total Loss-absorbing Capacity Rules for China’s Global Systemically Important Banks

China's top financial authorities have just issued draft regulations governing the total loss-absorbing capacity (TLAC) of global systemically important banks (G-SIB's) in...

Fintech Means Banks Are No Longer Each Other’s Only “Competitive Adversaries”, Blockchain Is a Huge Shock: BOCOM Chief

The head of one of China's big six state-owned banks has highlighted the competitive threat posed by non-traditional lenders in the era...

Latest stories

Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...