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Online Lenders Will Tumble as Beijing Introduces Strict New Legislation

The introduction of strict new legislation governing online lending platforms in Beijing is expected to cull a large number of Internet financiers. A circular released by...

BOC’s Net Profits Attributable to Shareholders Falls for the First Time

Bank of China (BOC) has posted negative growth in net profits attributable to shareholders for the first time in its history. According to BOC's 2016...

A-share Banks Post Surge in Mortgage Lending

A cohort of over a dozen of China's A-share banks saw mortgage lending leap by nearly 50% on average last year. 13 of China's listed A-share banks made a total of...

Lending to Chinese Property Sector Expected to Cool

Following a spike in loans towards the end of last year lending towards the Chinese property sector is expected to cool in the near term. The...

NPL’s Rise Amongst China’s Commercial Banks

A new research report from Bank of China points to an uptick in non-performing loans (NPL's) amongst China's commercial banking players. The report released by Bank...

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...

Latest stories

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June. 

Guangxi Rural Credit Society Becomes 14th Chinese Bank to Establish Fintech Subsidiary

A rural lender in the south-western province of Guangxi has become the latest banking sector financial institution in China to launch its...

Chinese Central Bank Calls for Greater Adoption of Legal Entity Identifiers as Part of Financial Digitisation and Opening

A senior official from the Chinese central bank has called for driving the increased used of global legal entity identifiers (LEI's) in...

CBIRC Seeks to Bring Major Shareholders in Chinese Banks and Insurers to Heel

China's top banking and insurance regulator has issued the draft version of new rules that seek to rein in the excesses of...