Friday, October 23, 2020
Tags Bank of China

Tag: Bank of China

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...

Bank of China Forecasts Q2 GDP Growth of 2.8%, Full Year Growth of 2.5% in 2020

A new report from one of China's big state-owned lenders forecasts full year GDP growth of 2.5% in 2020, following the economic...

Bank of China Obtains License to Operate in India

The Indian central bank has given the greenlight to Bank of China's (BOC) entry into the domestic financial market.

Bank of China under Investigation by CBIRC over $85 Million in Crude Oil Futures Losses

China's banking authority has announced the launch of an official investigation into one of the country's big state-owned lenders over heavy losses...

Bank of China Offers 20% Compensation Plan to Clients Burnt by Crude Oil Futures

Bank of China (BOC) has put together a compensation plan for clients of the state-owned lender who sustained heavy losses on its...

Bank of China Investors Seek to Sue Bank over $85 Million in Crude Oil Losses

Hundreds of clients of big state-owned lender Bank of China (BOC) plan to sue the bank over $85 million in losses incurred...

Central Bank Digital Currency Could Kill Financial Malfeasance: Bank of China Expert

A senior researcher from state-owned lender Bank of China (BOC) expects China's launch of the world's first central bank digital currency (CBDC)...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

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

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

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

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

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...