Monday, January 25, 2021
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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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...