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Sichuan Province to Issue 11.4B Yuan in Special Bonds to Bolster Capital of 21 Regional Banks

The central Chinese province of Sichuan plans a copious bond issue to provide support to the capital standing of its local banking...

China Bans Regional Banks from Accepting Cross-border Deposits After Curbing Cross-regional Online Lending

The Chinese central bank has prohibited regional banks from accepting deposits in cities where they do not have physical branches, in a...

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...

HSBC Plans to Invest over USD$3.5 Billion in Asian Wealth Management Expansion, Increase Chinese Staff by 3,000

British investment bank HSBC has unveiled plans to invest heavily in the expansion of its wealth management operations in the Asia-Pacific.

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...

People’s Bank of China Teams up with Other Central Banks on Research into Digital Currencies

The People's Bank of China (PBOC) is teaming up with its counterparts in a slew of other jurisdictions to work together on...

Digital Renminbi Could Make Commercial Banks Redundant, Will Be a Rival to Third Party Payments Platforms: Ex-Bank of China Chief

The former head of one of China’s big four-state owned banks says that the Chinese central bank digital currency (CBDC) could make...

Chinese Central Bank Says to Focus on Rates not Volume When Interpreting Monetary Policy Signals

The People's Bank of China (PBOC) has reiterated the importance of looking at rates and not scale when reading the tea leaves...

China’s Loan Prime Rate Unchanged for Tenth Straight Month after Lunar New Year

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the tenth consecutive month in February 2021, just following the close of the Lunar...

Hengfeng Bank Launches China’s First Decentralised, Multi-format Commercial Mortgage-Backed Securities in Chengdu

Shandong's Hengfeng Bank has debuted China's first decentralised, multi-format commercial mortgage-backed securities (CMBS) in the Sichuan province capital of Chengdu.

Tencent Reportedly Secures USD$8.3 Billion Offshore Loan from 12 Bank Syndicate

Chinese media reports that tech giant Tencent has secured a mammoth offshore loan from a syndicate of a dozen banks.

Latest stories

Tencent’s Pony Ma Submits Proposal for Greater Regulatory Protections of Online Funds to Chinese Congress

The head of Chinese tech giant Tencent has called for Chinese regulators to step up their protections of fintech and e-commerce users...

Foreign Holdings of Chinese Bonds Rise for 27th Consecutive Month in February

The month of February saw offshore investors further extend their holdings of Chinese debt.

China Provides Deferrals for over USD$1 Trillion in Loans during COVID-19, Steps up Lending to Manufacturing and Private Enterprise

Chinese bankers provided domestic borrowers with deferrals for more than USD$1 trillion in loans in 2020, amidst broader policy efforts to keep...

China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...