Tuesday, December 1, 2020
Tags China CITIC Bank

Tag: China CITIC Bank

CITIC Becomes First Chinese Bank to Use Contour’s Digitised Letter of Credit

China CITIC Bank recently became the first mainland Chinese bank to make use of the digitised letters of credit (LC) provided by...

Alibaba’s OneTouch and China CITIC Bank Launch New E-commerce Forex System

Alibaba's export platform OneTouch has teamed up with China CITIC Bank to launch a new e-commerce product for trade-related forex collection.

China CITIC Bank Grabs Approval to Commence Wealth Management Operations Via Subsidiary

Joint-stock lender China CITIC Bank has just grabbed approval from regulators for its wealth management subsidiary to commence operation.

China CITIC Bank under Investigation after Leaking Private Information of Chinese Comedian Chi Zi

The Chinese banking regulator has announced the launch of an investigation into China CITIC Bank over leakages of confidential client information following...

China CITIC Bank Launches First Private Enterprise Anti-coronavirus Asset-backed Security

China CITIC Bank has issued a new asset-backed note (ABN) with the lowest coupon rate in a three year period, as part...

Fintech in China Expected to See 1.97Tn Yuan in Annual Revenue by 2020, Reshape Micro-enterprise Finance

Leading members of China's financial sector expect fintech to completely reshape the provision of funds to small and micro-sized businesses. Speaking at the 2018 Tianfu...

Bank of China Leads Launch of Forfaiting Trade Platform Based on Consortium Blockchain

Bank of China has teamed up with China CITIC Bank and China Minsheng Bank in the development of a forfaiting trade finance platform based...

Financial Management Revenue Leaps Amongst Listed Chinese Banks

Revenue derived from financial management product posted strong gains amongst China’s listed banks last year. Most of China’s financial institutions saw only modest net profit gains...

China CITIC Bank Expands Provision of Integrated Services

China CITIC Bank is making good on its strategic ambitions to become an integrated financial services provider, with sharp growth in its scale of...

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China Eclipses US as Leading Overseas Market for Asia-Pacific Companies: HSBC Survey

A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...

Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...

State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...

Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

Online shopping giant Meituan-Dianping has posted a strong performance in the third quarter of 2020 as China's economy continues to convalesce from...