Banks

All ATMs in Panama Will Take UnionPay Cards

All ATMs in Panama Will Take UnionPay Cards

China UnionPay Co. unit UnionPay International Co. signed a cooperative agreement April 23 with Telered SA, Panama’s largest electronic payment…

Apr 25, 2018
Xu Wei
Chinese Mobile Bankers Accounts Hit 1.5 Billion Last Year, Up 28.3 Percent

Chinese Mobile Bankers Accounts Hit 1.5 Billion Last Year, Up 28.3 Percent

The total number of individual mobile banking accounts in China rose 28.3 percent last year to 1.5 billion, outnumbering the…

Apr 24, 2018
Dou Shicong
China's Major Banks Hike Max Interest Rates for Certificates of Deposits to 45% Above Benchmark

China's Major Banks Hike Max Interest Rates for Certificates of Deposits to 45% Above Benchmark

China’s banking regulators recently gave domestic banks the go-ahead to raise the maximum interest rates for certificates of deposit (CDs),…

Apr 23, 2018
She Qingqi
HNA Loses Majority Stake Position in Deutsche Bank

HNA Loses Majority Stake Position in Deutsche Bank

HNA Group Co. has given up its position as the largest shareholder of Europe’s largest investment bank Deutsche Bank AG, as part of…

Apr 23, 2018
Liao Shumin
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

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