Monday, April 19, 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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China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...