Banks

China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s central bank has handed out hefty fines totaling CNY176 million (USD27.7. million) to two banks in the country following inspections of payment and clearing businesses.

Mar 19, 2018
Song Yikang
Rise of Internet Finance Fuels Wave of Bank Closures in China

Rise of Internet Finance Fuels Wave of Bank Closures in China

China has seen a wave of bank outlet closures across the country in recent years as the increased adoption of online financial services has resulted in fewer visits to local branches.

Mar 14, 2018
Song Yikang
AgBank to Raise USD16 Billion to Meet Capital Ratio Requirements

AgBank to Raise USD16 Billion to Meet Capital Ratio Requirements

One of China’s biggest banks, Agricultural Bank of China Ltd., plans to issue up to 27.5 billion shares through private…

Mar 13, 2018
Tang Shihua
CBRC Lowers Loan Loss Provision Red Line, Institutes Differential Bank Policies

CBRC Lowers Loan Loss Provision Red Line, Institutes Differential Bank Policies

Chinese regulators have eased restrictions on the loan loss provisions in the banking sector and instituted tailored supervision, namely ‘differential policies for…

Mar 7, 2018
Song Yikang
Sinyang-Backed Firm Takes on China Development Bank Unit as Investor

Sinyang-Backed Firm Takes on China Development Bank Unit as Investor

Sinyang Silicon (Shanghai) Semiconductor Technology Co. has secured equity financing from CDB Technology Venture Capital Co., China Development Bank's investment arm.

Mar 2, 2018
Tang Shihua
China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s commercial banks have decided to raise mortgage rates for first-time homebuyers. The decision comes despite the overall credit line…

Feb 27, 2018
Tang Shihua
Guangzhou Completes First Cross-Border Carbon Trade Via New Yuan Settlement Account

Guangzhou Completes First Cross-Border Carbon Trade Via New Yuan Settlement Account

China has completed its first cross-border carbon trade after its central bank rolled out a policy earlier this year to encourage yuan-based international business.

Feb 26, 2018
Dou Shicong
Huishang Bank Again Yanks IPO as Its Largest Shareholder Declines to Sign

Huishang Bank Again Yanks IPO as Its Largest Shareholder Declines to Sign

After its A-share listing review resumed two weeks ago, Huishang Bank Corp. [HKG:3698] has now withdrawn its A-share issue application…

Feb 14, 2018
Liao Shumin
HSBC Is First Foreign Bank to Offer Personal Cross-Border Yuan Remittances

HSBC Is First Foreign Bank to Offer Personal Cross-Border Yuan Remittances

Hong Kong and Shanghai Banking Corp. (HSBC), a subsidiary of UK-based HSBC Holdings plc, has achieved its first personal cross-border yuan remittance transaction, it announced today.

Feb 14, 2018
Dou Shicong
China’s Central Bank to Crack Down on Illegal Internet Finance Adverts to Mitigate Risks

China’s Central Bank to Crack Down on Illegal Internet Finance Adverts to Mitigate Risks

China’s central bank issued an official document entitled PBOC General Office’s Notice on Cleaning up Finance Advertisements, with an aim…

Feb 8, 2018
Du Chuan
China’s Wealth Management Product Growth Was Subdued Last Year Amid Tighter Regulation

China’s Wealth Management Product Growth Was Subdued Last Year Amid Tighter Regulation

The growth in the total value of China’s wealth management products issued fell drastically last year amid regulatory efforts to step up controls on interbank money management, a new report shows.

Feb 6, 2018
Dou Shicong
South Africa Fines CCB USD6.2 Million Over Lacking Money Laundering Measures

South Africa Fines CCB USD6.2 Million Over Lacking Money Laundering Measures

China Construction Bank Corp. (CCB) Johannesburg branch suffered administrative penalties of ZAR75 million (USD6.2 million) from South African’s central bank over its weakness in…

Feb 6, 2018
Xu Wei

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