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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...

Financial Management Revenue Leaps Amongst Listed Chinese Banks

Revenue derived from financial management product posted strong gains amongst China’s listed banks last year. Most of China’s financial institutions saw only modest net profit gains...

Demand Deposit Rates at China’s Big Five Banks All Below Benchmark

  The latest data points to a widespread decline in account rates since the end of 2016, with demand deposit rates provided by China's big five...

Agricultural Development Bank of China Expands into Maritime Lending

The Agricultural Development Bank of China has flagged ambitious plans to expand its provision of credit to ocean-related economic activities. The two parties executed the "State Oceanic Administration...

SPD Execs See Light at the End of the Tunnel for Non-performing Loans

Senior figures from Shanghai Pudong Development Bank had frank words to dispense about the problem of non-performing loans in the Chinese banking sector. At the release...

SPD Denies Losing 160bn Yuan to Shell Companies in Chengdu

Shanghai Pudong Development Bank (SPD) has countered claims that the bank's Chengdu branch was defrauded of billions of yuan. Chinese media reports from early April claimed...

Shenyang’s Municipal Bank Achieves Double Digit Growth in 2016

Amidst an increasing challenging environment for the Chinese banking sector, Shenyang-based Shengjing Bank managed to pull-off double-digit revenue growth in 2016. Shengjing Bank's full year net profits...

BOC Launches Two Issues of Non-performing Asset Backed Securities

Bank of China launched its first two issues of non-performing asset backed securities at the end of March, including the lender's first issue of securitised...

BComm Public Relations Exec Sentenced to 6 Years for Corruption

The People's Court of Shanghai's Pudong Development Zone has sentenced a former senior executive with Bank of Communications to 6 years jail for receiving...

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.