Friday, October 30, 2020
Tags Banking sector

Tag: Banking sector

Banking Regulator Stresses Chinese Communist Party’s Role in Curbing Corruption

The head of China's banking authority has heavily emphasised the role of the Chinese Communist Party in curbing corruption amongst regulators at a full...

Record Fine for China Guangfa Prompts Calls for Inclusion of Fintech Giants in MPA’s

A recent online bond selling scandal which incurred the biggest ever fine issued by China's banking regulator has triggered calls for the country's leading...

Regulators Issue 2467 Fines to Chinese Banks Since Start of 2017

A new report from the Beijing-based BBT Commercial Research Institute (北商研究院) points to a sharp increase in the value and volume of fines issued...

Banking Regulator Flags “Planned, Step-by-Step, In-depth” Crackdown on Market Malfeasance

China's banking regulator has signalled that it will heighten scrutiny and punishment of wrongdoing on the part of the country's lending institutions in future. Wang...

Chinese Banking Sector Assets See 10% YoY Growth in October

The value of Chinese banking sector assets saw a 10% year-on-year increase in October to reach 241.58 trillion yuan (USD$36.61 trillion) according to official...

Bank Profit Margins Could Buckle As Shadow Banking Crackdown Continues: Fitch

Tighter regulations will put pressure on bank profit margins and credit growth next year according to a new report from Fitch Ratings. Fitch sees Chinese...

Beijing Commits to Opening and Reform of Banking Sector

The China Banking Regulatory Commission has said it will deepen and advance the opening and reform of China's banking sector in the "new era"...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...