Thursday, April 15, 2021
Tags Chinese foreign banks

Tag: Chinese foreign banks

China Amends Regulatory By-laws Governing Foreign Invested Banks

China's banking authority has unveiled an amended version of by-laws for foreign banks operating in China.

UBS to Become First Foreign Bank to Obtain Full Control of Chinese Securities Firm

Swiss bank UBS has become the first bank in China to obtain approve from local authorities for majority ownership of its domestic securities joint-venture. The...

Beijing Will Allow Foreign Banks in China to Amass More Debt from Abroad

The Chinese central government has announced that it will allow foreign banks operating in China to expand their levels of medium and long-term debt...

Foreign Subsidiary Banks in China Expand from Four to 39 Since 2007

The number of foreign banks with subsidiaries in China has seen a significant rise over the past decade-long period, leading to greater "localisation" of...

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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...