Tuesday, March 9, 2021
Tags Chinese banking sector

Tag: Chinese banking sector

BOC Research Highlights Three Key Trends for Transformation of Chinese Banking Sector

The Bank of China (BOC) Research Institute says the Chinese banking sector is on track to undergo "accelerated transition," and highlighted three...

Tencent’s WeBank Highlights Four Key Trends in Chinese Banking Sector

The head of Tencent-backed online lender WeBank has highlighted four major trends for China's banking sector as the impact of fintech adoption...

CBIRC Hits Minsheng Bank, Guangfa Bank, Huaxia Bank and Two Others with $46.8M in Fines

The China Banking and Insurance Regulatory Commission (CBIRC) has announced the imposition of hefty penalties upon a total of five Chinese financial...

China’s Big Six State-owned Banks See Double Digit Net Profit Decline Following COVID-19

The big state-owned banks in China have seen a major drop in net profits due to the impacts of the COVID-19 pandemic...

China’s Big State-owned Banks Fined for Lending and Wealth Management Infractions

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued fines to two of country's big state-owned banks for irregular conduct....

China’s Banking Regulator Warns US Monetary Policy is Eroding International Financial Stability, Could Trigger Global Crisis

China's top banking sector regulator has sounded a warning over the potentially disastrous fallout of US monetary policy decisions for dealing with...

China’s 51 Listed Banks Had NPL Ratio of 1.6% at End of 2019

A new report from the China Banking Association (CBA) sheds light on the health of China's listed lending institutions as of the...

Chinese Central Bank Outlines Policy Focal Points for Second Half of 2020

The People's Bank of China (PBOC) has just convened a teleconference meeting on work arrangements and key policy concerns for the second...

China Banking Association Releases Sector Development Report for 2020

The peak body for the Chinese banking sector has just released its latest report on its development in 2020.

Shanghai Banking Sector Announces “Financial Services Initiative” to Stabilise Foreign Trade and Investment

The peak body for the Shanghai banking sector has unveiled a new initiative aimed at shoring up foreign trade and investment during...

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Trust Companies Sees 20% Profit Drop Amidst Squeeze on Chinese Shadow Banking

The trust sector in China posted a sharp decline in both profits and asset scale in 2020 as regulators stepped up the...

Chinese Banks Issue 52 Billion Yuan in Financial Inclusion Bonds Since Start of 2021

Commercial banks in China have continued to issue special bonds to raise funds for lending to small businesses since the start of...

China’s Foreign Trade in Goods Surges 32.2% Since Start of 2021

China saw a surge in imports and exports of goods in the first two months of 2021 as the economy continued to...

China Sets GDP Growth Target of over 6% for 2021, Aims to Create More than 11 Million New Urban Jobs

The Chinese central government has unveiled a slew of official targets for economic development in 2021.