Wednesday, January 27, 2021
Tags Chinese state-owned banks

Tag: Chinese state-owned banks

China’s Big Six Banks See Revenues Rise, Profits Plunge Since Start of 2020

The third quarter reports of China's big six state-owned banks point to gains in operating revenues since the start of 2020, alongside...

Chinese Banks Take Top Four Spots on 2020 List of World’s Most Valuable Banking Brands

Chinese banks dominate the upper reaches of the Banking 500 2020 list of the world's most valuable banking brands released by Brand...

Big Four State-owned Banks to Automatically Extend Maturing Time Deposits During Coronavirus Outbreak

Four of China's big state-owned banks have announced that they will automatically extend time deposits maturing in the near term in order...

Postal Savings Bank of China’s Updated Prospectus Points to 14.9% YoY Rise in Net Profits in H1 2019

One of China's big six state-owned banks has updated its A-share prospectus to reflect a sharp rise in first-half profits.

China Host to 4588 Banks, Big Five State-owned Lenders Account for 37% of Assets

The big five state-owned banks continue to account for well over a third of the Chinese banking sector's total assets.

All of China’s Big Six Banks Greenlit for Wealth Management Subsidiaries Following PSBC Approval

Postal Savings Bank of China (PSBC) has become the last of the six big state-owned lenders to obtain approval for the establishment...

China’s Big State-owned Banks Expand to Six in Total

The ranks of China's official big state-owned banks have seen an increase to six in total following the inclusion of the Postal...

Big State-owned Banks Post Steady Profit Growth on Thicker Margins

China's big state-owned banks saw steady growth in profits last quarter, as Beijing's ongoing deleveraging campaign led to tighter liquidity conditions. Four out of the...

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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...