Thursday, April 15, 2021
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 Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...