Banks

Mortgage Rate for First-Time Homebuyers in China Goes Up Over 20% in One Year, Industry Data Show

Mortgage Rate for First-Time Homebuyers in China Goes Up Over 20% in One Year, Industry Data Show

As China's banking sector has increased supervision over home loans, the mortgage rates for first-time homebuyers rose more than 20…

Dec 11, 2017
Tang Shihua
IMF, World Bank Reports Fail to Fully Reflect Stress Testing Results, PBOC Says

IMF, World Bank Reports Fail to Fully Reflect Stress Testing Results, PBOC Says

China’s central bank, the People’s Bank of China (PBOC), responded on its official website today to reports by the International…

Dec 7, 2017
Xu Wei
ICBC Gives Guangzhou City Construction Investment Group USD3 Billion to Develop Rental Housing

ICBC Gives Guangzhou City Construction Investment Group USD3 Billion to Develop Rental Housing

The Guangdong branch of Industrial and Commercial Bank of China [SHA:601398] (ICBC), one of China’s large state-owned banks, inked an…

Dec 6, 2017
Dou Shicong
China’s Postal Savings Bank to Provide USD30 Bln Intentional Financing Support to Shenzhen to Boost Key Industries

China’s Postal Savings Bank to Provide USD30 Bln Intentional Financing Support to Shenzhen to Boost Key Industries

China’s commercial retail bank the Postal Savings Bank of China Co. [HKG:1658] (PSBC) signed a strategic cooperation agreement with Shenzhen…

Dec 5, 2017
Xu Wei
Kasikornbank Establishes Chinese Headquarters to Promote AEC+3 Digital Banking Strategy

Kasikornbank Establishes Chinese Headquarters to Promote AEC+3 Digital Banking Strategy

Kasikornbank (China) Co., a wholly foreign-owned bank funded by Thailand Kasikornbank Public Co., opened for business in Shenzhen on Dec.…

Dec 4, 2017
Yang Jiao
Hengfeng Bank Chair Under Investigation for Serious Violations of Law

Hengfeng Bank Chair Under Investigation for Serious Violations of Law

Cai Guohua, the former chair of Hengfeng Bank, a nationwide joint-equity commercial bank headquartered in Yantai in China’s northern Shandong…

Nov 29, 2017
Dou Shicong
Chinese Banks Introduce Loan Offerings to Promote Rental Housing Industry

Chinese Banks Introduce Loan Offerings to Promote Rental Housing Industry

Several state-owned banks including Industrial and Commercial Bank of China Ltd. [SHA:601398] (ICBC) and China Construction Bank Crop. [SHA:601939] (CCB)…

Nov 29, 2017
Dou Shicong
Chinese Banks’ H-Shares Increase 6% Since Start of Q4, CICC Report Says

Chinese Banks’ H-Shares Increase 6% Since Start of Q4, CICC Report Says

The H-share sector of Chinese banks has increased 6.28 percent since the start of the fourth quarter this year, while…

Nov 24, 2017
Liao Shumin
UnionPay Signs Strategic Cooperation Deal With Banco Comercial Portugues to Expand Business in Europe, Africa

UnionPay Signs Strategic Cooperation Deal With Banco Comercial Portugues to Expand Business in Europe, Africa

UnionPay International, a subsidiary of China UnionPay Co., signed a strategic cooperation agreement with Banco Comercial Portugues SA [ELI:BCP] (BCP),…

Nov 21, 2017
Xu Wei
Citic, Baidu Set Up AI Bank to Offer Smart Financial Services

Citic, Baidu Set Up AI Bank to Offer Smart Financial Services

China’s largest commercial bank China Citic Bank Corp. Ltd. [SHA:601998;HKG:0998] and internet giant Baidu Inc. [NASDAQ:BIDU] announced on Nov. 18…

Nov 20, 2017
Zhang Xia
CBRC Tightens Regulation on Ownership Structure of Commercial Banks

CBRC Tightens Regulation on Ownership Structure of Commercial Banks

China Banking Regulatory Commission (CBRC) issued a draft copy of ‘Interim Measures for the Administration of Commercial Banks’ Equities’ on…

Nov 17, 2017
Xu Wei
PBOC Net Pulls CNY10 Billion Out of Financial System Via Open Market Operation

PBOC Net Pulls CNY10 Billion Out of Financial System Via Open Market Operation

China's central bank, the People's Bank of China (PBOC), pulled a net CNY10 billion (USD 1.51 billion) out of the…

Nov 17, 2017
Dou Shicong

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