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Chinese Commercial Banks Issue Nearly 600B Yuan in Tier-2 Capital bonds as Smaller Lenders Continue to Face Pressure

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Commercial banks in China have stepped up efforts to replenish their capital levels via bond issuance since the start of 2020.
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Economy

Loan Prime Rate Remains Unchanged for Seventh Consecutive Month in November

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Chi­na’s loan prime rate (LPR) for November has re­mained un­changed for the seventh consecutive month.  The...
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Finance

10 State-owned Enterprises with $15.7B in Outstanding Bonds Default on or Rollover Their Debt in Second Half: CITIC Analysts

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A report from CITIC Securities says that default risk in relation to state-owned enterprise (SOE) debt has surged following booming growth in...
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Finance

Financial Stability and Development Committee Warns of More Bond Defaults to Come Following Yongcheng Coal Debacle

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One of China's top financial authorities says that further bond defaults will follow on the heels of Yongcheng Coal's failure to make...
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Finance

China Issues Euro-denominated Sovereign Bond with First Negative Yield

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China's Ministry of Finance (MOF) has announced the successful issuance of 4 billion euro in euro-denominated sovereign bonds, including the first sovereign...
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Finance

China’s Banking Chief Says Finance Determines the Fate of Empires, Strengthening of CCP Leadership Will Be Key Post-COVID-19

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The senior-most official for China’s banking regulatory system has outlined its policy priorities in the wake of the COVID-19 pandemic, while also...
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Economy

China’s Banking Chief Slams US for Trade Protectionism and Quantitative Easing, Says Negative Impacts “Hard to Imagine.”

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The senior-most official for China's banking regulatory system has harshly rebuked the US for the adoption of protectionist measures and profligate stimulus...
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Finance

Industrial Bank and Everbright Bank Under Investigation over Bond Default of State-owned Coal Enterprise Yongcheng

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A trio of China's leading commercial banks will be investigated for their role in underwriting the bonds of Yongcheng Coal & Electricity...
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Economy

Guo Shuqing Hails Efforts to Contain Internet Finance Perils, Warns of Fintech-related Risk

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Guo Shuqing (郭树清) chair of the China Banking and Insurance Regulatory Commission (CBIRC) and party chief of the Chinese central bank, has...
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Finance

CBIRC Will Amend Trust Law to Drive Growth of Aged Care Trusts

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The China Banking and Insurance Regulatory Commission (CBIRC) plans to drive the growth of aged care trusts via amendments to the existing...
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Economy

Danke Apartment Object of Special Handling Team in Beijing Following Bankruptcy Reports

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The Beijing municipal government has formed a specialist handling team for online property management platform Danke Apartment following reports that the New...
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Banking

Equity Allocations of Bank Wealth Management Products Hit 790.7 Billion Yuan at End of First Half

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Chinese banks are expected to allocate more funds raised via the issuance of wealth management products (WMP) to equity investments.
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Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

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Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."
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Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

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Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.
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Liu He Sheds Light on China’s Dual Circulation Development Strategy

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One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...
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International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.
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