Banks

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 [HKG:3698] has now withdrawn its A-share issue application…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
Foreign Banks Look to Partner Chinese Fintech Firms as Third-Party Payments Take Over

Foreign Banks Look to Partner Chinese Fintech Firms as Third-Party Payments Take Over

Chinese mobile payment providers are accelerating efforts to extend their influence abroad as the sector rises rampantly at home, and overseas lenders are looking to get in on the action.

Feb 1, 2018
Du Chuan
Firms’ Forecasts Indicate Things May Be Looking Up for China’s Banking Sector

Firms’ Forecasts Indicate Things May Be Looking Up for China’s Banking Sector

All 13 banks listed in mainland China that have issued earnings forecasts for last year, none of which were Chinese…

Jan 30, 2018
Dou Shicong
Minsheng Bank Doubles Direct Banking Assets as Sector Shows Potential in China

Minsheng Bank Doubles Direct Banking Assets as Sector Shows Potential in China

China Minsheng Banking Corp. more than doubled its financial assets in direct banking last year as branchless banking began to take off in China.

Jan 25, 2018
Dou Shicong
ICBC Passes JPMorgan to Become World’s Largest Bank by Market Cap

ICBC Passes JPMorgan to Become World’s Largest Bank by Market Cap

The A share price and H share price of the Industrial and Commercial Bank of China (ICBC) [SHA:601398; HK:1398] both…

Jan 23, 2018
Dou Shicong

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