Saturday, March 6, 2021
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Tag: Chinese banks

Tech Investments of Chinese Banks Rose 20% in 2020

Chinese banks and insurers gave a major boost to their tech investments in 2020 despite the economic impacts of the COVID-19 pandemic....

China Bans Regional Banks from Accepting Cross-border Deposits After Curbing Cross-regional Online Lending

The Chinese central bank has prohibited regional banks from accepting deposits in cities where they do not have physical branches, in a...

Digital Renminbi Could Make Commercial Banks Redundant, Will Be a Rival to Third Party Payments Platforms: Ex-Bank of China Chief

The former head of one of China’s big four-state owned banks says that the Chinese central bank digital currency (CBDC) could make...

China’s $2.36 Trillion “Advance Withdrawal” Fixed-term Deposit Market Squeezed out Completely

China has seen the complete removal of fixed-term deposit products that permit advance withdrawals with variable interest rates, following the launch of...

Net Profits of Chinese Banks Fall 2.7% in 2020, Bad Debts Edge Lower in Final Quarter

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a significant drop in the profits of the...

China’s State-owned Lenders Take Top Four Spots on 2021 List of World’s Top 500 Bank Brands

China's big state-owned lenders have once again featured prominently on the 2021 list of the world's Top 500 Banking Brands released by...

1/5 of Chinese Banks and Insurers Score D or Worse for Corporate Governance

A new report from China Banking and Insurance Regulatory Commission (CBIRC) paints a dismal picture of corporate governance in the country's financial...

CBIRC Plans to Curb Borrowing by Key Shareholders in Chinese Banks with New Corporate Governance Rules

The China Banking and Insurance Regulatory Commission (CBIRC) hopes to curb the misuse of banking sector financial institutions by key shareholders with...

Postal Savings Bank of China Plans to Raise $4.6 Billion via Private Placement with China Post Group

One of China's big state-owned banks hopes to raise a 30 billion yuan (USD$4.64 billion) via a private placement with one of...

CBIRC Touts China’s Financial Relief Measures During COVID-11 Pandemic, Outlines Eight Key Work Missions in 2021

China's banking regulator has highlighted the scale of financial relief policies deployed in 2020 as part of efforts to mitigate the adverse...

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China UnionPay Enters Agreement with Malaysian Local Government on Mobile Payments Tool

Chinese payments giant UnionPay is further expanding its overseas reach with a new mobiles payments cooperative deal in Malaysia, amidst broader efforts...

Data Emerges as Key Topic at China’s 2021 Two Sessions Meeting, Delegates Call for National Data Platform, Data Sharing by Tech Giants

Data protections and data sharing have emerged as pivotal topics at China's Two Sessions congressional event for 2021, with delegates calling for...

China’s Market for Government Blockchain Projects Booms

Efforts by Chinese local governments to improve public service offerings are playing an increasingly important role in driving the growth of the...

China Reiterates Commitment to Curbing Speculative Investment in Property

A senior official from China's Ministry of Housing and Urban-Rural Development (MOHURD) has reaffirmed its long-standing commitment to keeping a tight lid...