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Thursday, November 26, 2020
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Zheshang Securities Accused of Losing Client 30mn Yuan on Share Speculation

An investor in the Jiangsu-province city of Changzhou has taken Zheshang Securities to court over losses worth 30 million yuan that were sustained under an investment advisory...

Leading Lenders Penalised over Foreign Exchange Infractions

A slew of China's leading banks have been implicated in foreign exchange infractions involving roughly USD$1.3 billion in funds over just the past several years. According to some...

M2 Year-on-Year Growth Expected to Hit 11.2% in March

On the eve of the release of key economic and financial data by China's central bank, economists foresee an expansion in the M2 money supply...

17 Lenders Fined for Illicit Transfer of NPL’s

Bank of Communications and Ping An Bank are amongst 17 major lenders hit with administrative penalties by the China Banking Regulatory Commission for the illicit transfer...

New Online Settlement Platform Could Help Chinese Fintechs Sidestep Banks

China has just launched the trial run of its "Non-banking Payment Organisation Internet Payment Settlement Platform" (非银行支付机构网络支付清算平台), in a move which is set to shake up...

CSRC Flags Greater Regulation of Dividend Issuance

The head of China’s security regulator has mooted greater regulation of dividend distribution and bonus issues by listed companies. Liu Shiyu, the secretary of the party committee of...

“Strong Regulation, Strong Accountability” Set to Be New Normal for Chinese Banks

As Beijing pushes through with supply-side structural reforms, China's banking authorities are seeking to make "strong regulation, strong accountability" (强监管,抢问责) the new normal for the...

Big Banks Vie for a Piece of Xiongan New District

Leading financial institutions are competing for footholds in the Xiongan New District, an urban area which is set to be three times the size of New...

China’s Chief Insurance Regulator Investigated for Corruption

Chen Junbo, the party secretary of China's Insurance Regulatory Commission, has been placed under investigation by the Chinese authorities for serious breaches of duty. According...

China’s Banking Regulator Strives to Ensures Funds Reach Real Economy

The China Banking Regulatory Commission (CBRC) has hit major lenders with a slew of fines as well as released a new set of guidance...

China’s Bond Market Shrinks as Non-standard Financing Surges

The latest data on social financing in China shows that the Middle Kingdom bond market posted negative growth over a recent quarter-long period. During the period from...

CCTV Host Bristles Over Penalty Rate on CCB Credit Card

  A prominent Chinese television host has sought to draw attention to what he considers to be unfair credit card practices on the part of the...

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...