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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...

HSBC Raises Two Year Profit Forecast for China Merchants Bank

A new report from HSBC securities maintains a "hold" recommendation for China Merchants Bank (600036) while raising profit forecasts its target price. According to the report...

Net Foreign Liabilities of Chinese Banks Hit USD8.7bn in 2016

The latest data from the State of Administration of Foreign Exchange (SAFE) indicates that China's banking sector saw its foreign financial liabilities hit USD$964.5 billion at...

Latest stories

Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...