Thursday, January 28, 2021
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Tag: Bank of China

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...

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...

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Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...

China Construction Bank Issues over $3 Billion in Small Business Loan Bonds

One of China's big state-owned banks plans to step up financial inclusion lending with the proceeds of its latest bond issue.

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...