Tuesday, January 19, 2021
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Tag: Industrial Bank

Industrial Bank Launches Financial Services Cloud Platform in Fujian Province

A leading commercial bank in China has helped launch a new fintech platform in the south-eastern province of Fujian as part of...

Industrial Bank Launches First 10bn Convertible Bond Fund

China's Industrial Bank Co. executed an agreement on 5 April for its largest ever bond conversion fund. Industrial Bank executed the Bond Share Conversion Fund...

China’s Industrial Bank Obtains Approval for Private Placement

Regulators have given their approval to a non-public share offering by China's Industrial Bank Co. that hopes to raise as much as 2.6 billion yuan...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...