Wednesday, January 20, 2021
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Banking

China Construction Bank Obtains Full Banking License in Singapore

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One of China's big state-owned lenders has just obtained a full banking license from the Singaporean government as Beijing pushes for bilateral...
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Fintech

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

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One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...
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Fintech

China Construction Bank Helps Issue Blockchain-based Digital Bonds in Malaysia, Denies Acceptance of Bitcoins for Transactions

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One of China's big six state-owned banks is helping to issue blockchain-based bonds in the Malaysian tax haven of Labuan.
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Banking

China Construction Bank Chief Liu Guiping Appointed Deputy Governor of Chinese Central Bank

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The former head of one of China's big six state-owned banks has just been made a senior official with the People's Bank...
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Fintech

China Construction Bank Enters Cooperative Agreement with Baidu to Leverage Artificial Intelligence Capabilities

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Big state-owned lender China Construction Bank (CCB) and tech giant Baidu have executed a strategic cooperative agreement that focuses on the application...
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Banking

China’s Big State-owned Banks Fined for Lending and Wealth Management Infractions

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The China Banking and Insurance Regulatory Commission (CBIRC) has just issued fines to two of country's big state-owned banks for irregular conduct....
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Banking

China Construction Bank’s Credit Card Users Exceed 100 Million

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Big state-owned lender China Construction Bank (CCB) has announced that the number of its credit card users has exceeded the 100 million...
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Banking

Veteran of China’s Postal Service Tapped to Head Big State-owned Bank CCB

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The top ranks of China's big state-owned banks are about to undergo a significant reshuffle, with a senior exec from Bank of...
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Banking

Senior Execs at China Construction Bank, China Merchants Bank Resign for Age-related Reasons

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Two of the senior-most executives from a leading big state-owned bank and a top joint-stock lender in China have resigned from their...
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Banking

Baoshang Bank to Be Re-constituted as “Mengshang Bank,” CCB and Huishang to Serve as Key Shareholders

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Beleaguered Inner Mongolian lender Baoshang Bank is set to be reconstituted and rebranded with the participation of some of China's leading regional...
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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Fintech CBNEditor - 0
Accounting giant KPMG has just released its latest list of the leading fintech companies in China.
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China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

Economy CBNEditor - 0
The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...
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Beijing Aims for Internet of Things Security Standards by 2022

Economy CBNEditor - 0
The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...
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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Fintech CBNEditor - 0
Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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