Tuesday, October 27, 2020
Tags Agricultural Bank of China

Tag: Agricultural Bank of China

China’s Big State-owned Banks Fined for Lending and Wealth Management Infractions

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued fines to two of country's big state-owned banks for irregular conduct....

China’s Big Five State-owned Banks Have All Set up Their Own Fintech Subsidiaries

Five of China's established big state-owned banks have already launched their own fintech subsidiaries amidst a broader shift towards adoption of fintech...

Agricultural Bank of China Launches Test App for Central Bank Digital Currency

One of China's big state-owned banks has launched the trial version of a mobile app that appears to support the People's Bank...

Agricultural Bank of China Appoints Ex-head of Exim Bank of China as President

One of China's big six state-owned lenders has appointed a Bank of China-veteran and former policy-bank head as its new president.

China’s Big Four Banks Accelerate Lending in September

Official data points to expanded lending by China's long-standing big state-owned four banks in the month of September.

Jilin Province Appoints Agricultural Bank of China Exec as Vice-governor

The trend of appointing senior executives from state-owned banks to top regional political positions is continuing in China, with Jilin the latest...

Agricultural Bank of China’s Executive Director Resigns

A top executive from one of China's big six state-owned banks has just resigned from his position.

Ministry of Finance Transfers 10% of AgBank, ICBC Holdings to Social Security Fund

China is accelerating the transfer of state-owned holdings in major banks to the country's social security system.

President of Exim Bank on Track to Head Agricultural Bank of China

One of China's big six state-owned banks is on track to appoint the former head of one of the country's three policy...

Agricultural Bank of China Becomes Fifth Big Lender to Obtain Approval for Wealth Management Operations

Big six state-owned lender Agricultural Bank of China (ABC) has become the latest member of the Chinese banking sector to obtain approval...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

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

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

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...