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

Banking

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

CBNEditor - January 7, 2021 0

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

Banking

JPMorgan Mulls Wealth Management Venture with China Merchants Bank

CBNEditor - January 7, 2021 0

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

Banking

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

CBNEditor - January 4, 2021 0

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

Banking

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

CBNEditor - January 4, 2021 0

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

Banking

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

CBNEditor - December 31, 2020 0

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

Banking

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

CBNEditor - December 31, 2020 0

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

Banking

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

CBNEditor - December 28, 2020 0

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

Banking

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

CBNEditor - December 28, 2020 0

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...

Banking

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

CBNEditor - December 28, 2020 0

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

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Banking

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

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

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

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

China Commences Trials for Bulk Transfer of Personal Non-performing Loans to Asset Management Companies

Latest stories

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

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

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

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

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