Thursday, January 21, 2021
Tags Foreign banks in China

Tag: Foreign banks in China

Banking

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

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

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

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

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

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

UBS to Become First Foreign Bank to Obtain Full Control of Chinese Securities Firm

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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...
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Banking

Banking Regulator Paves Way for Wholly Foreign Owned Banks in China

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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...
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Banking

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

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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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Most Read

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

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Accounting giant KPMG has just released its latest list of the leading fintech companies in China.
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China’s State-owned Enterprises to Pursue Greater International Cooperation Post-COVID-19

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The State Assets Supervision and Administration Commission (SASAC) hopes to expedite the expansion of Chinese state-owned enterprises (SOE's) into cooperative projects in...
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Beijing Aims for Internet of Things Security Standards by 2022

Economy CBNEditor - 0
The Chinese central government says it will drive the creation of security standards for Internet of Things (IoT) technology in China over...
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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Fintech CBNEditor - 0
Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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