Monday, October 26, 2020
Tags Chinese foreign invested banks

Tag: Chinese foreign invested banks

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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Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

The head of the People's Bank of China (PBOC) Digital Currency Research Institute Mu Changchun (穆长春) has revealed details concerning the development...

China’s Elderly Population Will Exceed 300 Million During 14th Five Year Plan

Data from the Ministry of Civil Affairs (MCA) indicates that China's population of elderly people is on track to approach a third...

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).