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China’s Big Four Banks Whittle Away at Their Branches

China's big four state-owned banks are paring back on their regional branches as part of efforts to cut down on costs. Last year Agricultural Bank of...

China Everbright Plans Direct Bank, IT Subsidiaries on Back of Profit Gain

China Everbright Bank has posted a modest gain in net profits for 2016. The 2016 annual report for China Everbright indicates that the bank saw a...

CCB’s NPL Rate Drops to 1.52%

China Construction Bank's 2016 annual report indicates a slight uptick in net profits as well as a marginal decrease in non-performing loans. According to the...

Leading State-owned Banks Slash Counter Staff by Nearly 60,000

The major state-owned players are leading a widespread trend to slashing counter staff within China's banking sector. Data from the the China Banking Association (中国银行业协会) indicates that...

Chinese Banks Plan Over 96bn Yuan in Preferred Issuances Abroads

Chinese banks are increasingly turning to overseas capital markets to raise funds, with a slew of preferred stock issuances set to hit Hong Kong in rapid succession. In just...

Bank of China Grabs Slew of Honours at Caixin Financial Awards

The Bank of China has taken out six top honours at a recent awards ceremony for the Chinese financial sector, dominating in the debt issuance...

China CITIC Credit Card Now Compensate for Flight Delays

China CITIC Bank has unveiled a new upgrade for its platinum credit card that will provide some form of compensation in the case of...

Net Profit Growth of China’s State-owned Banks Under 2%

The latest round of annual reports released by listed members of China's banking sector reveals dismally low profit rates amongst some of the major...

Industrial Bank Co. Launches New Structural Reforms

Industrial Bank head Tao Yiping has unveiled structural reforms aimed at changing the financial institution's operating model.  At a recent press conference Tao said that...

China CITIC Bank Expands Provision of Integrated Services

China CITIC Bank is making good on its strategic ambitions to become an integrated financial services provider, with sharp growth in its scale of...

China’s Industrial Bank Obtains Approval for Private Placement

Regulators have given their approval to a non-public share offering by China's Industrial Bank Co. that hopes to raise as much as 2.6 billion yuan...

Ping An Bank Formally Launches Online Lending Management Operations

Ping An Bank has officially joined the ranks of Chinese lenders providing online lending capital management services with the launch of its new web platform, The Shenzhen-headquartered bank...

Latest stories

KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...