Tuesday, October 20, 2020
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 GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...