Friday, April 16, 2021
Tags Bank of China

Tag: Bank of China

Bank of China Underwrites China’s First Carbon Neutrality Securitised Product and Interbank Bond

State-owned lender Bank of China (BOC) is taking a leading role in driving the development of green financing and funding for clean...

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...

Ex-Bank of China Chief Says Digital Renminbi Will Transform Global Monetary System, Warns of Strategic Threat of Digital Greenback

The former head of one of China's big four-state owned banks forecasts that the Chinese central bank digital currency (CBDC) is destined...

Bank of China Enters Cooperative Agreement with China Huadian Corporation to Drive Carbon Targets

One of China's big state-owned banks has just entered a partnership with one of the country's leading power concerns to help drive...

BOC Research Highlights Three Key Trends for Transformation of Chinese Banking Sector

The Bank of China (BOC) Research Institute says the Chinese banking sector is on track to undergo "accelerated transition," and highlighted three...

Chinese Banks to See 7% Profit Drop in 2020, NPL Ratio Set to Rise to 2%: Bank of China Report

A report from one of China's big state-owned banks foresees a sizeable drop in the profits of the Chinese banking sector as...

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

Big state-owned lender Bank of China (BOC) has just entered a new strategic agreement with the municipal government of Shanghai.

Bank of China Launches First Cloud-driven Idle Goods Trading and Poverty Alleviation Platform

Big state-owned lender Bank of China (BOC) has just launched a new cloud-powered idle goods trading platform as part of efforts to...

China Still Lags in Independent Blockchain Technology: Ex-Bank of China Head

The former head of one of China's big six state-owned banks has lamented the country's lack of competitiveness in the area of...

Bank of China Enters “Internet + Finance” Cooperative Agreement with Alibaba and Ant Group

One of China's big state-owned banks has entered a strategic agreement with the country's leading e-commerce and fintech outfits for deeper cooperation...

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...