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Thursday, November 26, 2020
Tags Postal Savings Bank of China

Tag: Postal Savings Bank of China

Postal Savings Bank of China’s Updated Prospectus Points to 14.9% YoY Rise in Net Profits in H1 2019

One of China's big six state-owned banks has updated its A-share prospectus to reflect a sharp rise in first-half profits.

All of China’s Big Six Banks Greenlit for Wealth Management Subsidiaries Following PSBC Approval

Postal Savings Bank of China (PSBC) has become the last of the six big state-owned lenders to obtain approval for the establishment...

Combined Profits of China’s Big Six Banks Exceed 1 Trillion Yuan in 2018

The cumulative profits of China's big six state-owned banks breached the one trillion yuan threshold in 2018 on the back of healthy...

China’s Big State-owned Banks Expand to Six in Total

The ranks of China's official big state-owned banks have seen an increase to six in total following the inclusion of the Postal...

Chinese Banks Bet Big on the Potential of Blockchain Technology

A slew of Chinese banks have made major forays into the use of blockchain technology since the start of 2018, as China emerges as...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...