Wednesday, October 28, 2020
Tags Foreign banks

Tag: foreign banks

Entry of Foreign Banks Will Benefit Chinese Consumers: HSBC’s Asia Chief

The regional head of HSBC says that China's loosening of the entry requirements for foreign banks will bring major benefits to the country's financial...

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...

China Makes Life Easier for Foreign Banks

China's banking regulator has wound back restrictions on the domestic operations of foreign banks in several key areas. The China Banking Regulatory Commission has unveiled...

China’s Deleveraging Drive Pushes Foreign Bank Loans to Record Heights

Foreign banks are taking advantage of the constrained credit conditions created by Beijing's deleveraging drive to lend record-breaking sums to Chinese borrowers. The total exposure of...

Foreign Banks Continue to Flock to Shanghai

The number of foreign-invested financial institutions setting up shop in Shanghai has continued to increase in 2017. During the first half of the year a...

Beijing Flags Support for Private and Foreign Investment in New Joint-venture Banks

China's senior-most government bodies have flagged further support for the participation of private and foreign capital in the establishment of joint-venture banks in economic trial...

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Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...

Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...