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CBRC Cuts Banks Slack on NPL’s

China's banking regulator has scaled back its restrictions on non-performing loans as part of efforts help lenders deal with burgeoning bad debt. Sources told Reuters that the China Banking...

SOAS Expert Warns of Brewing Chinese Bank Crisis

A lecturer from London's School of Oriental and Asian Studies warns of China's heightened susceptibility to a banking crisis. Damien Tobin, a Lecturer in Chinese Business and Management at...

Non-cash Transactions Surge in China’s Payment Sector

A new report issued by the Payment & Clearing Association of China indicates that non-cash payments are witnessing flourishing growth in the Middle Kingdom. According to the "The...

New Disclosure Rules Prompt Bank to Withdraw from ETF’s

The introduction of new disclosure requirements by China's securities regulator has prompted a mini-exodus of capital "outsourced" by banks to ETF's. China's ETF's have released their first...

Foreign Fiscal, Monetary Policy Puts China’s Financial Security at Risk: Xi Jinping

The Chinese president has pointed to the fiscal and monetary policies of other nations as potential sources of risk for China's finance sector. State media reports...

China Fintech Body Unveils Platform to Bridge Online Lenders with Depository Banks

China's peak fintech industry group plans to establish a new platform to facilitate interaction and cooperation between online lenders and depository banks, as part of...

China’s Politburo Flags Continued Focus on Supply Side Reforms

The Chinese Politburo has indicated that supply side reforms will remain a key focal point of economic policy on the road ahead. The most recent meeting of...

China’s Central Bank Balance Contracts as Interbank Rates Surge

The balance sheet of China's central bank has contracted, spurring a surge in interbank deposit rates has put many commercial lenders in a tight spot. The latest "Monetary Authority...

NPL’s Stabilise as Capital Outflow Pressure Diminishes: PBOC

The vice-governor of China's central bank has said that non-performing loans have stabilised while capital outflows are on the wane as the country's economic growth retains momentum. "Following...

CBRC Flags Crackdown on Wealth Management Products

China's banking regulator has flagged increased scrutiny of the country's wealth management products in the wake of a 3 billion yuan fraud scandal, as...

Bank of Shanghai Shines in First Performance Report Since Listing

The Bank of Shanghai's (601229 SH) first annual report since its mammoth IPO six months ago will please holders of the lender's recently issued A-shares. The Bank...

Personal Credit Ratings Run Aground on Lack of Qualified Institutions

The inability of domestic financial institutions to satisfy regulatory requirements is stymieing the development of a personal credit ratings system in China. Wan Cunzhi, head of the...

Latest stories

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

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

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

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.