The record-breaking IPO of fintech giant Ant Group has been suspended after Chinese authorities summoned the company's senior executives for "regulatory discussions."

Finance

Senior Execs of Financial Holding Companies in China Required to Have Eight Years of Financial Work Experience

CBNEditor - November 3, 2020 0

The Chinese central bank has issued new rules concerning the qualifications required of senior executives at financial holding companies in China.

Finance

Ant Group Breaks Record for IPO Retail Demand with $3 Trillion in Bids from Shanghai

CBNEditor - November 1, 2020 0

Fintech giant Ant Group has seen a record-breaking level of interest from Chinese retail investors for its upcoming two-bourse IPO in Hong...

Banking

Xiamen Bank Shares Rise over 40% on First Day of Trading in Shanghai, 17 Other Lenders Await A-share IPO’s

CBNEditor - October 29, 2020 0

Fujian province lender Xiamen Bank has seen shares surge over 40% on its first day of trading, boding well for over a...

Economy

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

CBNEditor - October 28, 2020 0

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...

Economy

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

CBNEditor - October 27, 2020 0

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Finance

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

CBNEditor - October 27, 2020 0

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Economy

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

CBNEditor - October 26, 2020 0

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Economy

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

CBNEditor - October 23, 2020 0

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Economy

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

CBNEditor - October 23, 2020 0

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

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Finance

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

Chinese Central Bank and Hong Kong Monetary Authority Expand Currency Swaps Agreement

Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

China’s Banking Authority Steps up Regulation of Trust Company Shareholders, Corporate Governance

Latest stories

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

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

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

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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