Thursday, April 15, 2021
Tags Chinese banking profits

Tag: Chinese banking profits

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Interest Rate Cuts Behind Plunge in Chinese Banking Sector Profits: Central Bank Official

A senior official from the People's Bank of China (PBOC) has highlighted the impact of interest rates cuts as the key factor...

Central Bank Researchers Warn of Negative Growth in Chinese Banking Profits

A research team from the People's Bank of China (PBOC) anticipates a poor faring for the Chinese banking sector in 2020 as...

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

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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...