Monday, April 12, 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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Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....