Sunday, January 24, 2021
Tags China's banking sector

Tag: China's banking sector

China’s Banking Sector to See 6.8% Profit Growth, NPL’s Under 2% in 2019: BoC

Bank of Communications has just released a new research report predicting a sound performance on the part of the Chinese banking sector in 2019. The...

Total Assets of China’s Banking Sector Rise to 244 Trillion Yuan

The total assets of China's banking sector rose to 244.44 trillion yuan (USD$37.35 trillion yuan) at the end of November, for a year-on-year increase...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.