Tuesday, March 9, 2021
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Tag: Chinese banking sector

Banking

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

China Banking Association Releases Sector Development Report for 2020

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

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

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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

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The trust sector in China posted a sharp decline in both profits and asset scale in 2020 as regulators stepped up the...
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Chinese Banks Issue 52 Billion Yuan in Financial Inclusion Bonds Since Start of 2021

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Commercial banks in China have continued to issue special bonds to raise funds for lending to small businesses since the start of...
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China’s Foreign Trade in Goods Surges 32.2% Since Start of 2021

Economy CBNEditor - 0
China saw a surge in imports and exports of goods in the first two months of 2021 as the economy continued to...
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China Sets GDP Growth Target of over 6% for 2021, Aims to Create More than 11 Million New Urban Jobs

Economy CBNEditor - 0
The Chinese central government has unveiled a slew of official targets for economic development in 2021.
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