Saturday, October 31, 2020
Tags Foreign banks in China

Tag: Foreign banks in China

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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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...