Thursday, January 21, 2021
Tags Foreign banks in China

Tag: Foreign banks in China

Foreign Banks See Chinese Assets Exceed $520 Billion at End of 2019

A new report on foreign banks in China points to growth of over 4% in their total assets in 2019.

Goldman Sachs Hopes to Double Chinese Staff Numbers by Mid-decade

Wall Street's Goldman Sachs Group Inc. hopes to dramatically raise its staff numbers over the next five years in response to China's...

Greater Chinese Banks Strive to Capitalise upon Beijing’s Financial Opening

Banks from Taiwan and Singapore are leading the charge to take advantage of mainland China's recent efforts to open its financial sector...

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...

Banking Regulator Paves Way for Wholly Foreign Owned Banks in China

The China Banking and Insurance Regulatory Commission (CBIRC) has released new draft regulations that will allow foreign banks to establish wholly-owned banks and branches...

Foreign Banks in China Still Hampered by Restrictions on Deposit-taking

The introduction of new regulations that give greater latitude to foreign banks in China are expected to impact three key areas, yet insiders say...

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KPMG Releases List of China’s Top 50 Fintech Companies in 2020

Accounting giant KPMG has just released its latest list of the leading fintech companies in China.

China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...

Beijing Aims for Internet of Things Security Standards by 2022

The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...