Tuesday, April 20, 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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China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...