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Bank of America expects BOC to Underperform

Bank of America sees Bank of China (03988) under performing the market, cutting its target price from HKD3.91 to 3.84. BoA notes that BOC's net profits rose by...

HSBC Maintains Buy Rating for BOC, Reduces Target Price

A new report from HSBC Securities maintains a buy rating for Hong Kong stocks of Bank of China (03988), with a reduced target price. HSBC...

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...

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China’s Biggest Bank Flags Commitment to Green Finance

A senior executive from the Industrial and Commercial Bank of China (ICBC) - China and the world's biggest bank in terms of...

Digital Renminbi to Integrate with Chinese Blockchain System “Chang’an Chain”

The People's Bank of China (PBOC) - being the Chinese central bank - plans to integrate the Digital Renminbi with a locally...

ByteDance Applies for Registration of “BytePay” Trademark

TikTok-owner ByteDance appears intent on expanding the range of online services and products it provides with its application to register aNOTHER payments-related...

China’s Banking Regulator Highlights Success of Risk Containment Efforts in 2020, Focal Points for Policy in 2021

The head of China's banking regulatory has touted the progress of effort to contain risk in the Chinese financial system, while also...