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Thursday, November 26, 2020
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Joint Stock Banks Will Plunge into Debt for Equity Subsidiaries This Year

Industry observers expect China's joint-stock lenders to accelerate their establishment of debt-equity swap investment management subsidiaries in 2017. According to China Securities News the commercial banks...

New Details on China Minsheng 3bn Yuan Counterfeit Wealth Product Scandal

Further details have emerged in relation to the defrauding of high-end Beijing banking clients by the head of a China Minsheng branch who made use of...

Jiangxi Bank Lent 200bn Yuan to Fraudulent Borrowers

Jiangxi Bank has sustained heavy losses as a result of fraudulent loans taken with the provincial lender by multiple companies, capsizing hopes that it would emerge...

CBRC Crackdown Spurs Wave of Bond Redemptions

CBRC continues to step up its sweep of the banking sector, prompting a wave of outsourced redemptions amongst the big lenders. The China Banking Regulatory Commission has launched a...

Minsheng Branch Head Fleeces Premium Clients of 3bn Using Forgeries

The head of a local Beijing branch of China Minsheng Bank is under investigation for the allegedly defrauding over 150 high-net worth clients of up to...

China’s Central Bank Changes Liquidity Management Tools

The People's Bank of China just launched its sixth round of medium-term lending facilities (MLF) this year yet refrained from reverse repo operations, in what banking experts believe...

Banking Insider Highlights Differences Between China and the US

A veteran American banker has published a new book that provides an exclusive insiders account of key differences in the financial systems of the US and China. 71-year...

Ant Financial Lifts Bid for MoneyGram by Over a Third, Sidelines Euronet

Alibaba-affiliate Ant Financial has upped its ante for MoneyGram International by more than third, safely sidelining the latest competing offer made by a US...

Regulatory Crackdown Follows Rampant Growth in Balances of Chinese Banks

The China Banking Regulatory Commission has launched a campaign of unprecedented scope and intensity against misconduct in the lending sector, as part of efforts to...

Senior Chinese Banking Official Investigated for Involvement in Loan Scandal

After disappearing abruptly from the public gaze last week, Chinese media reports have finally revealed the reason for senior banking regulator Yang Jiacai's absence from official...

Growth in China’s Off Balance Sheet Financing Accelerates

The latest data from China's central bank indicates its macro prudential assessments have been able to curb accelerating growth in off balance sheet financing by lenders. Figures...

Housing’s Share of New RMB Lending Recedes in Q1 2017

The latest data from China's central bank indicates that new housing fell off as a percentage of total lending in the first quarter of 2017, while loans...

Latest stories

Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...