Wednesday, January 27, 2021
Tags Chinese banking

Tag: Chinese banking

China’s Top Banking Regulator Reiterates Commitment to Anti-Trust Enforcement

The senior-most official in China's banking regulatory system has reiterated its commitment to the enforcement of anti-trust and anti-monopoly policies in the...

First Margin Trades Backed by a Foreign Bank in China Completed by Standard Chartered Following Launch of New QFII Rules

China has just seen the completion of the first batch of margin trades supported by foreign invested banks licensed to conduct domestic...

Local Governments Issue $6.4 Billion in Capital Supplementation Special Bonds to Support Smaller Chinese Banks

China's regional authorities have issued a copious volume of special bonds for the purpose of raising funds to shore up the capital...

China Launches Blockchain Services Platform for Bank Correspondence

The official opening ceremony for the launch of a new Bank Letter Blockchain Services Platform (银行函证区块链服务平台) developed by peak industry bodies in...

Big State-owned Banks Suspend Sale of Fixed-term Deposits with Variable Rates Following New PBOC Interest Rate Rules

All of China's big six state-owned banks have announced the suspension of the sale of deposit products that combine the features of...

Digitisation of Chinese Finance Drives Closure of over 2800 Brick-and-Mortar Bank Branches in 2020

The proliferation of fintech in China has led to the widespread closure of brick-and-mortar bank branches over the past two years.

Factoring Market in China Posts Negative Growth in 2019: CBA Report

A new report from the China Banking Association (CBA) highlights the ailing state of factoring operations by Chinese banks in 2019.

Tencent Cloud Enters Strategic Partnership with Guangzhou Rural Commercial Bank to Drive Digital Transformation, Online Lending

Tencent's cloud vehicle has entered a strategic partnership with a leading regional lender in the Guangdong province capital of Guangzhou to drive...

China Shadow Banking Report Touts 16 Trillion Yuan Reduction, Flags Further Efforts to Better Regulate Sector

The China Banking and Insurance Regulatory Commission (CBIRC) has outlined further measures to better regulate the country's mammoth shadow banking sector.

Bank of Communications Fintech Subsidiary Officially Opens for Business in Shanghai’s Nanhui New District

Big state-owned lender Bank of Communications (BOCOM) has joined the ranks of Chinese financial institutions that have established their own fintech vehicles....

Most Read

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...