Wednesday, April 14, 2021
Tags Chinese banking

Tag: Chinese banking

PBOC Commits to Preventing Loan Funds from Seeping into Property Market, Warns of Organised Criminal Activity in Some Cities

The Chinese central bank has reiterated the need to prevent the illicit use of funds from bank loans for investment in the...

China Merchants Bank Grabs Approval for Joint-venture with JD Technology

One of China's leading joint-stock banks has obtained the green light from regulators for a joint-venture with the fintech unit of Chinese...

Sweeping Liabilities Rules Seek to Drive Shift from Quantity to Quality in Chinese Banking

New regulations on the management of liabilities by Chinese commercial banks are expected to have a far-reaching impact upon the nature of...

CBIRC Calls for Commercial Banks to Help Transform China into a “Great Manufacturing Power”

The China Banking and Insurance Regulatory Commission (CBIRC) has called for commercial banks to step up lending to manufacturers as part of...

China’s Banking Sector Sees Launch of 13th Fintech Subsidiary

The Chinese banking sector has just seen the establishment of another fintech vehicle by a domestic lender.

US Banks Poured Billions into China in 2020

America's bulge bracket financial institutions invested heavily in China in 2020 despite worsening Sino-US relations during the spread of the COVID-19 pandemic....

China’s Biggest Bank Enters Strategic Partnership with Ministry of Science to Drive Tech Financing

China and the world's biggest bank in terms of assets has just entered a strategic partnership with the Chinese science authority to...

China Provides Deferrals for over USD$1 Trillion in Loans during COVID-19, Steps up Lending to Manufacturing and Private Enterprise

Chinese bankers provided domestic borrowers with deferrals for more than USD$1 trillion in loans in 2020, amidst broader policy efforts to keep...

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Most Read

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...