Monday, November 30, 2020
Tags Chinese banks

Tag: Chinese banks

Financial Digital Development Alliance Launched with Participation of over 200 Chinese Banks and Fintech Firms

China has just seen the launch of a new fintech industry group with the participation of more than 170 of the country's...

Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Competitiveness of Banks Will Lie in “Data + Algorithms” in Future: Agricultural Bank of China

A senior official from one of China's big six state-owned banks has highlighted the critical role that fintech will play in shoring...

Chinese Banks Are “Quenching Their Thirst with Poison” by Selling Depository Products via Online Finance Platforms: PBOC Official

Chinese regulators have turned their attention to the use of online lending platforms by smaller banks to draw funds from retail customers...

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.

Over $30 Billion in Special Bond Quotas Issued to Resolve Risk Problems of Smaller Chinese Banks

China has stepped up the issuance of special bonds as part of efforts to forestall risk amongst smaller regional banks.

China’s Banking Regulator Highlights Six Consumer Protection Problems for Finance Sector

The China Banking and Insurance Regulatory Commission (CBIRC) says it will focus on six major problems when it comes to protections for...

Chinese Banks Expected to Dispose of over 1.67 Trillion Yuan in Non-performing Loans This Quarter

Disposal of non-performing loans (NPL's) by Chinese banks is expected to reach a peak in the fourth quarter of 2020 at the...

Chinese Central Bank Calls for Commercial Lenders to Play Greater Role in National Digitisation, Capital Market Development

A senior official from the People's Bank of China (PBOC) has flagged the launch of further measures to support the development of...

Global Finance Stars of China for 2020 Unveiled

Finance publication Global Finance has just announced the winners of its 2020 Global Finance Stars of China, following a particularly fraught year...

Most Read

Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...