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

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

Loan Prime Rate Remains Unchanged for Seventh Consecutive Month in November

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

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

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

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

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

China Issues Euro-denominated Sovereign Bond with First Negative Yield

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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

Latest stories

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

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

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...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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