Tuesday, December 1, 2020
Tags China CITIC Bank

Tag: China CITIC Bank

Fintech

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

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

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

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

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

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

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

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

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

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

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

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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...
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Banking

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

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

Financial Management Revenue Leaps Amongst Listed Chinese Banks

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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...
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Banking

China CITIC Bank Expands Provision of Integrated Services

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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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Most Read

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

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A survey from HSBC indicates that China has edged out the US as the biggest foreign market for firms located in the...
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Strategist Advises Investors to Raise Chinese Portfolio Allocations to 20% in Preparation for “New World Order”

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A Singapore-based investment strategist recommends lifting Chinese assets to around 20% of portfolios during the course of the 2020's, in order to...
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State-owned Bond Defaulter Owes USD$5.1 Billion to Chinese and Foreign Creditors

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A state-owned automaker who defaulted on a 1 billion yuan bond in October owes many billions more to multiple creditors in China...
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Meituan Posts 364.6% Profit Growth in Third Quarter of 2020

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