Friday, October 30, 2020
Tags Banking

Tag: Banking

Entry of Foreign Banks Will Benefit Chinese Consumers: HSBC’s Asia Chief

The regional head of HSBC says that China's loosening of the entry requirements for foreign banks will bring major benefits to the country's financial...

Foreign Banks in China Still Hampered by Restrictions on Deposit-taking

The introduction of new regulations that give greater latitude to foreign banks in China are expected to impact three key areas, yet insiders say...

Shadow Banking in China is Becoming More Interconnected and Complex: BIS

A new working paper from the Bank for International Settlements points to the increasing complexity of China's shadow banking sector as it undergoes key...

Big State-owned Banks Raise Home Loan Rates Again in Guangzhou

State-run lenders in the Guangdong province capital of Guangzhou have once again raised interest rates for home loans, in a sign that the government...

Chinese Banks Scale Back Credit for Real Estate Development

Financing channels for Chinese property developers have become increasingly scarce since the start of the new year, with domestic media now reporting that many...

CBRC Targets Bank Funds Entering Stock and Real Estate Markets

The China Banking Regulatory Commission is further intensifying its crackdown on shadow banking activities, specifically targeting illicit flows of funds into the stock and...

“Central Bank of Central Bank’s” China Stress Index Posts Fifth Consecutive Quarter of Decline

A key measure of stress in the Chinese banking sector has posted its fifth consecutive quarter of decline, in a sign that Beijing's ongoing...

China’s Banking Regulator Curbs Interbank Lending to Combat Risk

The China Banking Regulatory Commission says that it has achieved significant progress in containing risk in the financial system by reducing the level of...

Banking Regulator Sets Its Sights Upon Commercial Municipal Lenders

The China Banking Regulatory Commission has warned municipal lenders that it plans to step up scrutiny of the rapidly-expanding sector, as part of efforts...

Local Government to Blame for China’s Financial Instability: Zhou Xiaochuan

The head of China's central bank has pointed the finger of reproach at local government for exacerbating the fragility of the country's financial system. In...

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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...