Saturday, October 24, 2020
Tags Private banks

Tag: Private banks

ACFIC Calls for Allowing Foreign Capital to Invest in China’s Private Banks

China's leading non-governmental chamber of commerce has called for the regulators to provide fairer treatment to private banks via the loosening of...

7 Private Banks Garner Approval in Six Months Despite Strict Entry Requirements

The number of private banks approved for business in China has nearly doubled over the past six months, yet industry insiders expect regulators to...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

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