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Tuesday, November 24, 2020
Tags Chinese banking sector

Tag: Chinese banking sector

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...

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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JDD and Tencent Hail Digitisation as Key Driver of Chinese Economy Post COVID-19

China's online tech giants point to digital transformation as a primary driver of economic growth and recovery in the wake of the...

Chinese Commercial Banks Issue Nearly 600B Yuan in Tier-2 Capital bonds as Smaller Lenders Continue to Face Pressure

Commercial banks in China have stepped up efforts to replenish their capital levels via bond issuance since the start of 2020.

Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

China’s Per Capita Income to Leap 56 Places in Global Rankings by 2025, Exceed USD$25,000

China's global ranking in terms of per capita incomes is expected to surge over the next half-decade according to data from Bloomberg...