Banks

Ten Chinese Banks Start Working Groups to Aid Probes Into Tax Information for Non-Residents

Ten Chinese Banks Start Working Groups to Aid Probes Into Tax Information for Non-Residents

Ten Chinese banks, including the country’s big four state-owned banks and China CITIC Bank Corp. Ltd. [SHA:601998;HKG:0998], have formed working…

Oct 12, 2017
Dou Shicong
Agricultural Bank of China Introduces Facial Recognition Tech for Withdrawals at 3,300 ATMs in Guangdong Province

Agricultural Bank of China Introduces Facial Recognition Tech for Withdrawals at 3,300 ATMs in Guangdong Province

The Agricultural Bank of China Ltd. (ABC) [SHA:601288; HK:1288] has introduced facial scanning technology for cash withdrawal services at automated…

Sep 30, 2017
Dou Shicong
ICBC’s New Online Micro-Financing Platform Lends USD1.7 Billion in First Two Months

ICBC’s New Online Micro-Financing Platform Lends USD1.7 Billion in First Two Months

Industrial and Commercial Bank of China Ltd. [SHA:601398;HKG:1398], better known as ICBC, has rolled out an online micro-loan service for…

Sep 28, 2017
Tang Shihua
Home Loans Masked as Consumer Loans Push Household Leverage Rates Up, Report Says

Home Loans Masked as Consumer Loans Push Household Leverage Rates Up, Report Says

The National Institute for Finance & Development affiliated to the Chinese Academy of Social Sciences and the Center for National…

Sep 28, 2017
Xu Wei
Regulators Did Not Require Reviews of HNA’s and Wanda’s M&A Deals, China Banking Association Says

Regulators Did Not Require Reviews of HNA’s and Wanda’s M&A Deals, China Banking Association Says

Bank reviews of enterprises’ mergers and acquisitions are for prudent management, and the China Banking Regulatory Commission (CBRC) did not…

Sep 26, 2017
Xu Wei
Bank of China, Tencent to Cooperate in Fintech as Industry Competition Intensifies

Bank of China, Tencent to Cooperate in Fintech as Industry Competition Intensifies

Bank of China Ltd. [SHA:601988;HKG:3988] (BoC) and Tencent Holdings Ltd. [HKG:0700] have signed an agreement to further cooperate in the financial sector, China Securities reported on Sept. 24.

Sep 25, 2017
Zhang Xia
JC Finance & Tax Donates USD4.5 Million to PBOC Finance School at Tsinghua University

JC Finance & Tax Donates USD4.5 Million to PBOC Finance School at Tsinghua University

Chinese fintech firm JC Finance & Tax Interconnect Holdings Ltd. [SHE:002530] will donate CNY30 million (USD4.56 million) over five years…

Sep 22, 2017
Tang Shihua
PBOC’s Financial Market Department Supports Beijing Banks Hiking First-Home Loan Rates

PBOC’s Financial Market Department Supports Beijing Banks Hiking First-Home Loan Rates

Many banks in Beijing have recently raised first-home lending rates. The financial market department of the People’s Bank of China,…

Sep 20, 2017
Tang Shihua
Chinese Banks Tighten Post-Loan Management to Stop Consumers Using Personal Loans to Invest

Chinese Banks Tighten Post-Loan Management to Stop Consumers Using Personal Loans to Invest

After China’s banking regulator discovered consumer loans were winding up in the real estate market, many of the nation’s banks…

Sep 20, 2017
Zhang Xia
China Merchants Bank Opens Sydney Branch, Becomes First Chinese Joint-Stock Lender in Australia

China Merchants Bank Opens Sydney Branch, Becomes First Chinese Joint-Stock Lender in Australia

China Merchants Bank Co. [SHA:600036] has become the first Chinese-funded joint-stock bank to operate branches in Australia after opening a location…

Sep 20, 2017
Dou Shicong
First Home Mortgage Interest Rates Rise in Beijing as Bank Credit Dries Up

First Home Mortgage Interest Rates Rise in Beijing as Bank Credit Dries Up

Beijing’s first home mortgage interest rates have continued to rise as bank credit dries up.

Sep 19, 2017
Liao Shumin
Baoshan Iron & Steel Plans to Buy 10% Stake in Shanghai-Based Lender from ANZ Bank

Baoshan Iron & Steel Plans to Buy 10% Stake in Shanghai-Based Lender from ANZ Bank

Shanghai-based Baoshan Iron & Steel Co. [SHA:600019] plans to buy a 10-percent stake in Shanghai Rural Commercial Bank Co. from…

Sep 19, 2017
Dou Shicong

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