Monday, October 19, 2020
Tags Chinese banking sector assets

Tag: Chinese banking sector assets

Asset Growth of China’s Banking Sector Plunges Following Shadow Banking Crackdown

The Chinese banking sector has seen a sharp decline in asset growth following a crackdown on various forms of shadow banking.

Chinese Banking Sector Assets up 7.5% YoY at End of July

Chinese banks held assets worth 254.3 trillion yuan (approx. USD$37 trillion) as of the end of July according to figures released by the China...

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Chinese Central Bank Overhauls Commercial Banking Law

The People's Bank of China (PBOC) has unveiled a broad raft of proposed changes to China's commercial banking law.

Ant Group Raises Target Valuation to USD$280 Billion

Chinese fintech giant Ant Group plans to raise the target value for its IPO to USD$280 billion according to sources.

Postal Savings Bank of China Enters Comprehensive Strategic Cooperative Agreement with JD.com’s Fintech Subsidiary

One of China's big six state-owned banks has entered a strategic cooperative agreement with the fintech subsidiary of a leading Chinese e-commerce...

Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min

One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...