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Agricultural Bank of China Makes First Loan Collateralised with Carbon Credits

The Agricultural Bank of China (ABC) has made the first loan in China that uses carbon credits for collateral, just following the...

State Council Highlights 300B Yuan Reloan Quota Increase, Accelerated Bond Issuance in Financial Inclusion Push

China's State Council has unveiled a range of measures to bolster financial inclusion and support for small businesses in the wake of...

Big State-owned Banks See Double Digit Rise in Fee Revenues, PSBC Posts over 37% Surge

Two of China's big six state-owned banks have seen a double digit increase in revenues derived from fees, despite a push from...

Big State-owned Banks Complete Full Year Financial Inclusion Targets for Lending to Small Businesses: Chinese Central Bank

China's big state-owned lenders have already completed their 2021 full year targets for micro-and-small enterprise (MSE) lending, following a push from Beijing...

Bank Wealth Management Subsidiaries See Profits for First Half 2021 Exceed Full Year 2020

The wealth management subsidiaries of Chinese banks have seen robust profits in the first half of 2021, while the share of net-value...

Bank of China Veteran Zheng Guoyu Set to Join ICBC as Vice-President

A veteran executive of China's big state-owned banking sector is about to make the transition between financial institutions.

China Construction Bank Opens 7.23 Million Personal Digital Renminbi Wallets for Clients

One of China's big state-owned banks says it has provided over 7 million personal digital renminbi wallets to clients since the official...

Chinese Commercial Banks See First Half Net Profits Rise 11.1%, NPL Ratio Edge Lower

The profits of China's commercial banks saw an increase of over 11% in the first half of 2021 compared to the same...

China’s Forex Regulator Seeks Opinions of Banks on Currency Risks

The Chinese foreign exchange regulator has taken the rare move of conducting a survey of banks and companies to determine their ability...

Non-performing Assets in China Hit 5.21 Trillion Yuan, Rise over 62% at Non-Bank Financial Institutions: PwC Report

A new report from PricewaterhouseCoopers China points to a rapid rise in non-performing assets in the country, especially amongst non-bank financial institutions....

WeChat, Douyin and Weibo Commit to “Purifying the Internet” of Fake Financial News

Several of China's leading social media platforms have been compelled by authorities to issue public statements on the dissemination of financial news...

ICBC Wins Top Honours for Digital Banking from Global Finance Magazine

China and the world's biggest bank in terms of assets has grabbed top honours from New York-based finance publication Global Finance for...

Latest stories

China’s Outbound Foreign Direct Investment Declines 4.3% Since Start of 2021

Outbound non-financial foreign direct investment from China has seen a sizeable decline since the start of 2021.

Actually Used Foreign Investment in China Rises 22.3% YoY for January – August

China has seen a sizeable rise in actually used foreign investment funds since the start of 2021, as the economy continues to...

Over 5.7 Trillion Yuan in Bonds Issued in August: PBOC

The latest data from the Chinese central bank indicates that more than 5.7 trillion yuan in bonds were issued in the month...

China’s Securities Regulator Launches Strike Team Targeting Capital Market Malfeasance

The China Securities Regulatory Commission (CSRC) has led the establishment of a new unit to target illegal activity on the Chinese capital...