Friday, April 16, 2021
Tags China Minsheng

Tag: China Minsheng

Shanghai Regulator Hits Local Banks with a Raft of Penalties

The Shanghai branch of China's banking regulators has just issued a slew of administrative penalties to the local branches of several key lenders, including China...

New Details on China Minsheng 3bn Yuan Counterfeit Wealth Product Scandal

Further details have emerged in relation to the defrauding of high-end Beijing banking clients by the head of a China Minsheng branch who made use of...

Minsheng Branch Head Fleeces Premium Clients of 3bn Using Forgeries

The head of a local Beijing branch of China Minsheng Bank is under investigation for the allegedly defrauding over 150 high-net worth clients of up to...

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...