Saturday, October 24, 2020
Tags Chinese banking

Tag: Chinese banking

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

Fintech Means Banks Are No Longer Each Other’s Only “Competitive Adversaries”, Blockchain Is a Huge Shock: BOCOM Chief

The head of one of China's big six state-owned banks has highlighted the competitive threat posed by non-traditional lenders in the era...

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

Big state-owned lender Bank of China (BOC) has just entered a new strategic agreement with the municipal government of Shanghai.

China’s Banking Regulator Unveils Three Year Plan to Improve Corporate Governance, CCP to Play Greater Role

The China Banking and Insurance Regulatory Commission (CBIRC) has just released a multi-year plan for improving corporate governance in the banking and...

“Bad Banks” Become “Good” Via Corporate Governance Reforms, CCP Needs to Play Greater Role: CBIRC

The China Banking and Insurance Regulatory Commission (CBIRC) has pointed to the need for further corporate governance reforms and supervision from the...

Ping An Bank Posts 15.5% YoY Rise in First Half Revenues, 11.2% Net Profit Drop

Fintech driven commercial lender Ping An Bank has seen a sizeable rise in its first half earnings despite the adverse impacts of...

August Loan Prime Rate Remains Unchanged for Fourth Consecutive Month

China's loan prime rate (LPR) for August has remained unchanged for the fourth straight month.

China Everbright Bank Obtains Approval for Consumer Finance Operations in Beijing

Commercial lender China Everbright Bank has just obtained approval for its consumer finance vehicle to commence operations in the Chinese capital.

Chinese Bank Inspectors Allowed to Collect Electronic Data as Evidence for Administrative Penalties

China's financial regulators will significantly increase some of their investigatory powers starting from the month of August.

China’s Big Five State-owned Banks Have All Set up Their Own Fintech Subsidiaries

Five of China's established big state-owned banks have already launched their own fintech subsidiaries amidst a broader shift towards adoption of fintech...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...