Friday, January 22, 2021
Tags Chinese bank profits

Tag: Chinese bank profits

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...

Asset Quality of Chinese Banks Holds Steady at End of Q3, Profits Fall 8.3% YoY

The latest official data indicates that China's banking sector is holding up well in the wake of the COVID-19 pandemic.

Declining Profits of Chinese Bank Set to Continue in Second Half of 2020: Fitch Ratings

A new report from Fitch Ratings sees Chinese banks continue to post profit declines in the second half of 2020, after seeing...

Regional Lenders Drop Rates Below LPR Following Call for Chinese Banks to Sacrifice 1.5 Trillion Yuan in Profits

Chinese regional lenders are already cutting interest rates in response to calls from Beijing for the banking sector to sacrifice profits in...

Xinjiang Lender Slashes Dividend 20% Following Call for Chinese Banks to Curb Profits

A regional lender in Xinjiang province has just reduced its dividend payouts for 2019 by 20% following a call from the Chinese...

Profit Recovery Boosts Chinese Bank Valuations

Analysts have raised their price targets for China's biggest banks after they posted profit growth ahead of forecasts. The South China Morning Post reports that...

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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.