Tuesday, January 19, 2021
Tags Chinese big state-owned banks

Tag: Chinese big state-owned banks

Three of China’s Big State-owned Banks Still Leaderless Following Spate of Resignations

Several of China's big state-owned banks are still awaiting the replacement of their top executives following a spate of resignations since November....

Big State-owned Bank Reportedly Launches Digital Renminbi Wallet Trials in Shanghai

Domestic media reports that trials of the digital renminbi have commenced in Shanghai with the participation of one of China's big state-owned...

Agricultural Bank of China Appoints Youngest Chief amongst Big State-owned Banks

The newly appointed party secretary of Agricultural Bank of China (ABC) is the youngest holder of the position amongst China's original big...

Big State-owned Banks Expand Recruitment to Help Deal with China’s Biggest Ever Wave of College Grads

China's big state-owned banks are dramatically stepping up their hiring of new recruits despite a dive in net profits in the first...

48-Year-Old Liu Jun Appointed President of Bank of Communications, Youngest Head of State-owned Bank

The Bank of Communications has appointed the youngest ever head of a big state-owned bank in China.

Two Senior Execs from Big State-owned Banks Appointed Vice-governors of Northern Chinese Provinces

Chinese authorities have announced the appointment of two senior executives from big state-owned banks to top leadership positions in provincial governments.

Combined Profits of China’s Big Six Banks Exceed 1 Trillion Yuan in 2018

The cumulative profits of China's big six state-owned banks breached the one trillion yuan threshold in 2018 on the back of healthy...

China’s Big Five Banks Saw Net Profits of 957.3B Yuan in 2018, Municipal and Rural Banks Step up Small Business Lending

Official data points to robust profits for the big five state-owned banks of Agricultural Bank of China, Bank of China, Bank of...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...