Banks

CCB Becomes China’s First State Lender to Open Fintech Unit

CCB Becomes China’s First State Lender to Open Fintech Unit

China Construction Bank Corp. has become the country’s first state-owned lender to open a fintech unit, marking its entry into the competitive internet finance sector.

Apr 18, 2018
Dou Shicong
China Announces Comprehensive Measures, Timetable to Further Open Financial Markets

China Announces Comprehensive Measures, Timetable to Further Open Financial Markets

China’s new central bank governor announced a dozen of measures to further open up the financial market of the world’s…

Apr 11, 2018
Liao Shumin
China’s First Unmanned Bank Opens in Shanghai

China’s First Unmanned Bank Opens in Shanghai

China Construction Bank Corp., one of the country’s top four state-owned lenders, has reopened a branch in Shanghai’s Huangpu district…

Apr 11, 2018
Dou Shicong
ICBC Posts Fastest Net Profit Growth in Three Years Amid Declining NPL Ratio

ICBC Posts Fastest Net Profit Growth in Three Years Amid Declining NPL Ratio

China's largest state-owned commercial bank, the Industrial And Commercial Bank Of China, has posted its fastest growth in net profit…

Mar 28, 2018
Liao Shumin
Bank of China Pumps USD4.8 Billion Into Winter Sports to Prep for Beijing 2022

Bank of China Pumps USD4.8 Billion Into Winter Sports to Prep for Beijing 2022

Bank of China Ltd., one of the country’s four largest state-owned commercial banks, will pump CNY30 billion (USD4.8 billion) into…

Mar 27, 2018
Dou Shicong
Baidu, Citic Bank to Double AiBank’s Share Capital to USD4 Billion

Baidu, Citic Bank to Double AiBank’s Share Capital to USD4 Billion

Citic aiBank Corp., China’s first direct bank operating as an independent legal entity, plans to raise CNY2 billion (USD317 million)…

Mar 27, 2018
Song Yikang
China Fortune Land Development Denies Banks Have Stopped Loans

China Fortune Land Development Denies Banks Have Stopped Loans

China Fortune Land Development Denies Banks Have Stopped Loans.China Fortune Land Development Co. (CFLD) is in sound and stable condition,…

Mar 27, 2018
Liao Shumin
ICBC Forges Direct Mortgage System Link to Realty Giants

ICBC Forges Direct Mortgage System Link to Realty Giants

ICBC Forges Direct Mortgage System Link to Realty Giants - Industrial and Commercial Bank of China, Vanke, Country Garden, Evergrande, Lianjia

Mar 24, 2018
Dou Shicong
China's Central Bank May Raise Open Market Repo Interest Rates After Fed’s Decision

China's Central Bank May Raise Open Market Repo Interest Rates After Fed’s Decision

China’s central bank may follow the U.S. Federal Reserve if the latter announces this year’s first interest rate rise as…

Mar 22, 2018
Xu Wei
BOE Tech Secures USD7.9 Billion From ICBC for Construction Projects

BOE Tech Secures USD7.9 Billion From ICBC for Construction Projects

China’s biggest display panel maker BOE Technology Group Co. has secured CNY50 billion (USD7.9 billion) financing from Industrial and Commercial Bank…

Mar 21, 2018
Tang Shihua
China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s central bank has handed out hefty fines totaling CNY176 million (USD27.7. million) to two banks in the country following inspections of payment and clearing businesses.

Mar 19, 2018
Song Yikang

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