Monday, October 19, 2020
Tags Bank of Ningbo

Tag: Bank of Ningbo

Bank of Ningbo Becomes Second Municipal Lender to Grab Approval for Wealth Management Subsidiary

Bank of Ningbo has become the second municipal commercial bank in China after Bank of Hangzhou to obtain approval from regulators for...

Chinese Banks Raise Salaries in 2018, Big Six State-owned Lenders Shed 28,000 Staff

Chinese banks saw a rise in remuneration levels in 2018 in tandem with staff cuts on the back of greater fintech adoption....

Commercial Banks the Biggest Agents of Systemic Contagion: PBOC

A new essay published by the Chinese central bank contends that certain joint-stock commercial banks have become systemically important financial institutions, and could play a...

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Chinese Central Bank Overhauls Commercial Banking Law

The People's Bank of China (PBOC) has unveiled a broad raft of proposed changes to China's commercial banking law.

Ant Group Raises Target Valuation to USD$280 Billion

Chinese fintech giant Ant Group plans to raise the target value for its IPO to USD$280 billion according to sources.

Postal Savings Bank of China Enters Comprehensive Strategic Cooperative Agreement with JD.com’s Fintech Subsidiary

One of China's big six state-owned banks has entered a strategic cooperative agreement with the fintech subsidiary of a leading Chinese e-commerce...

Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min

One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...