Sunday, January 17, 2021
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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...

CBRC Targets Online Lending with 148 Prohibition Items in Beijing Alone

China's banking regulator has highlighted the burgeoning online lending sector as part of its most recent and unprecedented sweep of the country's financing activities. The China Banking Regulatory Commission (CBRC) has...

China Guangfa Bank Embeds Credit Card in Fintech Smart Watch

As part of efforts to forge ahead in the mobile payments market, China Guangfa Bank has released a new fintech smart watch that comes embedded...

Online Micro Lending Seen As Key Adjunct to Chinese Finance

Leading corporations and Internet firms are chomping at the bit to enter China's burgeoning online micro lending sector. Sudden Boom in China's Online Micro Lending Sector As of the end...

Consumer Finance Boom Results in Burgeoning Bad Debt

A boom in China's consumer finance sector has been accompanied by the steady climb of its bad debt levels. More and more lenders are vying for the enticing profits offered by China's consumer finance...

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.