Sunday, October 25, 2020
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Banking

Huishang Bank Grabs Approval for Wealth Management Vehicle to Commence Business

CBNEditor - 0
Huishang Commercial Bank (徽商银行) has become the first Chinese bank to grab approval for its wealth management subsidiary to kick off operations...
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Banking

Huishang Bank Plans to Acquire Four Baoshang Bank Branches, Invest in New Inner Mongolian Financial Institution

CBNEditor - 0
Anhui-based commercial lender Huishang Bank (徽商银行) has unveiled plans take over branches and related staff of beleaguered Inner Mongolian lender Baoshang Bank....
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Banking

Huishang Bank Grabs Approval for Wealth Management Subsidiary

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A leading regional lender has obtained approval from the Chinese authorities to establish its own wealth management subsidiary.
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Most Read

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Fintech CBNEditor - 0
Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...
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China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

Economy CBNEditor - 0
China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Economy CBNEditor - 0
Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

Fintech CBNEditor - 0
A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...
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