Saturday, January 23, 2021
Tags Chinese foreign invested banks

Tag: Chinese foreign invested banks

First Margin Trades Backed by a Foreign Bank in China Completed by Standard Chartered Following Launch of New QFII Rules

China has just seen the completion of the first batch of margin trades supported by foreign invested banks licensed to conduct domestic...

MOF Pushes for Foreign Banks to Underwrite Local Government Bonds

China's Ministry of Finance (MOF) has signalled that it will expand the role played by foreign banks in the underwriting of local...

Foreign Banks Establish 41 Legal Person Lenders in China, Total Assets Approach $480 Billion

The China Banking and Insurance Regulatory Commission (CBIRC) has just released a new raft of data on foreign investment in the Chinese...

State Council Loosens Ownership and Operating Restrictions for Foreign Invested Financial Institutions in China

The State Council has just issued a directive which further loosens restrictions on the activities of foreign-invested financial institutions in China.

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.