Monday, November 30, 2020
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Bank of Communications Makes Foray into AI with Hong Kong Fintech Start-up

One of China's big four state-owned banks hopes to use artificial intelligence and big data to provide better investment advisory services to its clients,...

China’s Fifth Biggest Bank Deemed Junk by Moody’s

Moody's Investors Services has downgraded China's fifth biggest lender in terms of assets to junk status, due to the rise wholesale funding costs amidst...

Senior Chinese Banking Official Investigated for Involvement in Loan Scandal

After disappearing abruptly from the public gaze last week, Chinese media reports have finally revealed the reason for senior banking regulator Yang Jiacai's absence from official...

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Chinese Central Bank Won’t Engage in Monetary “Irrigation” Or Leave Market Short of Cash: PBOC Q3 Monetary Execution Report

The People's Bank of China (PBOC) has flagged the maintenance of moderate monetary policy settings following the Chinese economy's gradual recovery from...

Bank of Communications Fintech Subsidiary Officially Opens for Business in Shanghai’s Nanhui New District

Big state-owned lender Bank of Communications (BOCOM) has joined the ranks of Chinese financial institutions that have established their own fintech vehicles....

Zheshang Bank Plans to Invest 2B Yuan in Launch of Fully Invested Wealth Management Subsidiary

Regional lender China Zheshang Bank hopes to join the ranks of Chinese banks that operate their own wealth management subsidiaries.

Chinese Central Bank Commits to Financial Opening, Warns of Anti-Globalist Sentiment

A senior official from the Chinese central bank has warned of the international resurgence of anti-globalist sentiment, while stating that further opening...