Banks

Bank of Hangzhou Siphons USD33 Million From Debtor’s IPO Fund Account

Bank of Hangzhou Siphons USD33 Million From Debtor’s IPO Fund Account

Bank of Hangzhou Co., a creditor to a listed unit under debt-stricken Chinese conglomerate DunAn Holding Group Co., has withdrawn…

May 9, 2018
Wang Shifeng
Bank of China Kicks Off Yuan Services in Pakistan to Push Redback’s Internationalization

Bank of China Kicks Off Yuan Services in Pakistan to Push Redback’s Internationalization

Bank of China Ltd., one of the country’s big four state-owned banks, has rolled out yuan clearing and settlement services…

May 7, 2018
Dou Shicong
PBOC Relaxes Rules on Yuan Qualified Domestic Institutional Investors Outbound Investment Scheme

PBOC Relaxes Rules on Yuan Qualified Domestic Institutional Investors Outbound Investment Scheme

China's central bank today issued a new notice relaxing the regulation of overseas securities investment by the yuan (renminbi) qualified…

May 3, 2018
Liao Shumin
China, Japan Plan to Renew Currency Swap Agreement After Li-Abe Summit

China, Japan Plan to Renew Currency Swap Agreement After Li-Abe Summit

China and Japan plan to renew a currency swap agreement to reopen bilateral currency exchanges in case of financial crises…

May 3, 2018
Xu Wei
ICBC Completes Global Network Layout Covering 45 Countries

ICBC Completes Global Network Layout Covering 45 Countries

ICBC Completes Global Network Layout Covering 45 Countries. Industrial and Commercial Bank of China Ltd., the largest commercial lender…

May 2, 2018
Xu Wei
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

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