Tuesday, January 26, 2021
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Banking

China Development Bank Enters $100mn Deal to Finance African SMEs

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One of China's three big policy banks has entered an agreement with pan-African lender United Bank for Africa (UBA) to provide funding to small...
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Banking

Bank of China Expands Overseas Reach Via Silk Road Initiative

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Xi Jinping's One Belt One Road initiative has emerged as key means for the Bank of China (BOC) to advance its overseas expansion plans. BOC endeavours to...
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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

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Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...
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Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

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The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
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Chinese Banks See Net Profits Decline 1.8% in 2020

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China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

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A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...
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