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Chinese Central Bank Calls for Dumping of LIBOR, Commits to Further Interest Rate Reforms

The People's Bank of China (PBOC) has called for the dumping of the London Interbank Offered Rate (LIBOR) as the benchmark for...

China’s Banking Regulator Hails Reduction in Real Estate Lending Ratios, Highlights Rise amongst Smaller Lenders Vying for Market Share

The ratio of real estate loans as a share of all credit extended by Chinese banks has decline since the launch of...

Ant Group’s MYBank Issues 4B Yuan in Perpetual Bonds

Ant Group-backed digital lender MYBank (网商银行) has issued a second batch of perpetual bonds as part of efforts to shore up its...

COVID-19 Spurs Preference for Online Banking in China amidst Wave of Bank Branch Closures

Social distancing and lockdown measures introduced during the COVID-19 pandemic have had a sizeable impact on the banking sector in China, driving...

Two Rural Banks in Shandong Province See Ratings Suspended After Failing to File Annual Reports since 2017

Two rural lenders in Shandong province have seen their ratings revoked by a leading Chinese credit agency after failing to file annual...

Baoshang Bank’s Tendrils of Corruption Ensnared Inner Mongolia’s Senior-most Finance Officials: CCDI Report

The Chinese central government has revealed startling details concerning the extent of local corruption in relation to Inner Mongolia's failed Baoshang Bank,...

A Brief Guide to China’s Financial Opening Since 2018

China is currently in the midst of concerted efforts to further open up the domestic financial sector, implementing measures that far exceed...

China’s Banking Regulator Warns of Global Asset Bubble Risks Due to Monetary Policy Missteps

A senior official from China's banking regulator has warned that the monetary policy missteps of central banks in both developed and emerging...

CBIRC Unveils New Rules on Sale of Wealth Management Products

New rules governing the sale of wealth management products (WMP) in China will soon be launched by the Chinese banking regulator following...

Goldman Sachs Grabs Approval for Wealth Management JV with ICBC

US investment bank Goldman Sachs has garnered approval from Chinese regulators for the launch of a wealth management joint-venture with world's biggest...

China Steps up Financial Support for New Agriculture Businesses

China's top financial regulators have outlined ambitious new measures to expand support for the development of new forms of agriculture business entity....

CBIRC Reportedly Puts Kibosh on Sale of Commodities-linked Products amidst Intense Market Volatility

China's banking regulator has reportedly stepped in to prevent major lenders from selling commodity-linked products to Chinese retail investors during a period...

Latest stories

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

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.