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China CITIC Bank Hails Success of Blockchain Payments Platform in Xiong’an New Area

Joint-stock lender China CITIC Bank has hailed the results of a blockchain payments platform that it first deployed in the Xiong'an New...

Bank of Nanjing Seeks to Raise 20 Billion Yuan for Capital Supplementation via Convertible Bonds

Municipal lender Bank of Nanjing has just kicked off the issuance of over USD$3 billion in convertible bonds.

BlackRock to Launch First Fully-owned Mutual Fund Company in China, DBS and Daiwa Obtain Approval for Securities Joint-ventures

China is further expanding access to the domestic financial sector, granting US investment giant BlackRock permission to operate the country's first fully...

Total Assets of Chinese Financial Institutions Stood at USD$56.93 Trillion at End of First Quarter for YoY Growth of 9.5%

The total assets of financial institutions in China saw YoY growth of over 9% as of the end of the first quarter...

China Will Invest over USD$15.6 Trillion across 40 Years to Achieve Carbon Mitigation Targets: Bank of China Chair

The chair of one of China's big state-owned banks has highlighted the need for a dramatic expansion in green finance over the...

Digitisation of Finance Won’t Eradicate Risk, Just Make It More Complex: China Construction Bank President

The head of one of China's big state-owned banks has highlighted the risks that could be created by the increasing digitisation of...

Digital Transformation of China’s Regional Banks Hampered by Lack of Talent: Tencent White Paper

A new white paper released by Tencent points to a scarcity of fintech talent as a critical impediment to the digitisation of...

Hang Seng Bank Becomes First Foreign Invested Lender in China to Provide Green Mortgage Services

HSBC Group's Hang Seng Bank has become the first foreign invested bank in China to provide green mortgages to consumers as part...

ICBC and Goldman Sachs Sign Memorandum of Agreement for Wealth Management Joint-venture

The asset management subsidiaries of Industrial and Commercial Bank of China (ICBC) and Wall Street investment bank Goldman Sachs have just executed...

China Launches New Rules for 7 Trillion Yuan Cash Wealth Management Market

China's top financial authorities have just issued new rules for cash-management wealth management products (WMP's), which will have a far-reaching impact on...

China’s Top Banking Regulator Highlights Five Focal Areas for Financial Risk Prevention in Future

The head of China's banking authority has highlighted five key areas for financial risk prevention efforts undertaken by regulators in the near-term....

Bank of Liaoshen Officially Commences Operation in North-eastern China

China has seen the launch of a new municipal commercial bank in the country's north-eastern region.

Latest stories

Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

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...