Wednesday, January 20, 2021
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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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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...