Banks

 Huaxia Bank’s Ex-Tech Director Admits to Stealing USD1 Million via Trojan Virus

Huaxia Bank’s Ex-Tech Director Admits to Stealing USD1 Million via Trojan Virus

A technical director who worked at China’s Huaxia Bank has pled guilty to hiding a Trojan virus in the lender’s systems and illegally obtaining CNY7 million (USD1 million).

Oct 11, 2018
Chen Juan
China to Cut Reserve Requirement for Fourth Time This Year

China to Cut Reserve Requirement for Fourth Time This Year

China’s central bank plans to cut the reserve required ratio by one percentage point next week, releasing about CNY1.2 billion…

Oct 8, 2018
Xu Yanyan
China Allowing Banks to Invest WMP Assets in Stocks Isn’t Expected to Lift Market Soon

China Allowing Banks to Invest WMP Assets in Stocks Isn’t Expected to Lift Market Soon

Chinese authorities have cleared the way for banks to directly invest funds from wealth management products into the stock market, but…

Sep 21, 2018
Zhou Ailin
China’s Non-Performing Loans Leapt Nearly 13% in First Half

China’s Non-Performing Loans Leapt Nearly 13% in First Half

China’s non-performing loans increased by nearly 13 percent over the first half, tallying around CNY1.96 trillion (USD286 billion) amid mixed results across regions.

Sep 21, 2018
Yang Jiao
China's Biggest Bank ICBC to Set Up First Austria Branch

China's Biggest Bank ICBC to Set Up First Austria Branch

China's Biggest Bank ICBC to Set Up First Austria Branch

Sep 10, 2018
Tang Shihua
PBOC Urges Lenders to Give Equal Treatment to Corporate Borrowers

PBOC Urges Lenders to Give Equal Treatment to Corporate Borrowers

The chief of China's central bank has asked banks to apply the same set of requirements for all firms in order to ease the way that small and medium-sized privately owned companies can borrow funds.

Sep 6, 2018
Chen Juan
Chinese Banks Are Unconcerned Over Possible Liquidity Squeeze, Trader Says

Chinese Banks Are Unconcerned Over Possible Liquidity Squeeze, Trader Says

Chinese banking institutions remain unconcerned regarding the possibility of a credit crunch in the country according to recent interviews by…

Sep 4, 2018
Zhou Ailin
ICBC Plans to Raise USD14.6 Billion as Beijing Bumps Up Required Reserve Ratio

ICBC Plans to Raise USD14.6 Billion as Beijing Bumps Up Required Reserve Ratio

ICBC Plans to Raise USD14.6 Billion as Beijing Bumps Up Required Reserve Ratio. Industrial and Commercial Bank of China, the…

Aug 31, 2018
Tang Shihua
Bank of China, Singapore's State Investor Buy 27 CCB Rural Lenders for USD234.8 Million

Bank of China, Singapore's State Investor Buy 27 CCB Rural Lenders for USD234.8 Million

Bank of China and an investment unit of Singapore's government-owned Temasek Holdings have increased their rural assets by buying over…

Aug 28, 2018
Liu Jing
Anhui Province to Clamp Down on Merchants Rejecting Cash Payments

Anhui Province to Clamp Down on Merchants Rejecting Cash Payments

As the use of mobile payments continues to grow in China, authorities in the country’s central Anhui province are taking…

Aug 20, 2018
Liao Shumin
China’s Banks See First-Half Bad Loan Ratios Climb as Hidden Risks Are Exposed

China’s Banks See First-Half Bad Loan Ratios Climb as Hidden Risks Are Exposed

The non-performing loan ratio of Chinese banks rose slightly at the end of June after staying stable for five consecutive…

Aug 14, 2018
Song Yikang
Lax Risk Control Puts 200 Chinese Banks in Regulator’s Bad Books

Lax Risk Control Puts 200 Chinese Banks in Regulator’s Bad Books

Lax Risk Control Puts 200 Chinese Banks in Regulator’s Bad Books. China’s top banking regulator punished hundreds of banks last…

Aug 10, 2018
Chen Hongjie

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