Banks

China's Bank Profits Are Set to Rise 6.5% Next Year, BoComm's Chief Economist Predicts

China's Bank Profits Are Set to Rise 6.5% Next Year, BoComm's Chief Economist Predicts

China's Bank Profits Are Set to Rise 6.5% Next Year, BoComm's Chief Economist Predicts. Macroeconomic recovery means the asset quality…

Dec 29, 2017
Dou Shicong
BoComm’s Investment Firm Gets Go-Ahead From Regulator to Conduct Debt-Equity Swaps

BoComm’s Investment Firm Gets Go-Ahead From Regulator to Conduct Debt-Equity Swaps

A newly-created investment company of Bank of Communications Co. [SHA:601328; HKG3328], one of China’s five big state banks, has received…

Dec 29, 2017
Dou Shicong
China to Cut Red Tape for Foreign-Backed Banks

China to Cut Red Tape for Foreign-Backed Banks

The China Banking Regulatory Commission unveiled plans to amend measures for foreign banking licensing yesterday as it looks to level the playing field between local and overseas lenders.

Dec 29, 2017
Liao Shumin
PBOC Introduces Plans to Regulate QR Code Payments to Contain Risks

PBOC Introduces Plans to Regulate QR Code Payments to Contain Risks

The People’s Bank of China introduced plans to regulate QR code payments to contain risks arising from the popular remittance method, state-run Xinhua News Agency reported.

Dec 28, 2017
Liao Shumin
Shanghai Aims to Reduce Risks Arising From Cooperative Credit Businesses

Shanghai Aims to Reduce Risks Arising From Cooperative Credit Businesses

Shanghai regulators are working to reduce external risks arising from credit businesses that banks and third-party platforms jointly operate, institutions told Yicai Global.

Dec 27, 2017
Wang Ying
CBRC Will Pillory Banks Caught Up in Cosun Group Default

CBRC Will Pillory Banks Caught Up in Cosun Group Default

China Banking Regulatory Commission will strictly sanction banks involved in Cosun Group's default, after China Guangfa Bank Co., which is…

Dec 26, 2017
Dou Shicong
 Internet Banking Is Shutting Down Small Branches in China’s Major Cities

Internet Banking Is Shutting Down Small Branches in China’s Major Cities

Community banks in China are struggling to acquire new customers and bring in the capital as internet banking extends its reach, leading to branch closures nationwide, Securities Daily reported.

Dec 26, 2017
Liao Shumin
180,800 Shares of Bank of Chengdu Are Auctioned Before Its IPO

180,800 Shares of Bank of Chengdu Are Auctioned Before Its IPO

Bank of Chengdu Co. [SHE:601838] is in the final stretch in the run-up to its listing.

Dec 21, 2017
Liao Shumin
19 Enterprises Bribed ICBC Bank VP

19 Enterprises Bribed ICBC Bank VP

New details have emerged in the case of Xu Yang, vice president of a sub-branch of China’s ICBC Bank, who…

Dec 20, 2017
Liao Shumin
World Bank Raises China Growth Forecast to 6.8% Based on Increased Consumption, External Conditions

World Bank Raises China Growth Forecast to 6.8% Based on Increased Consumption, External Conditions

The World Bank has raised China 2017 GDP growth forecast to 6.8 percent, up from 6.7 percent in October, based…

Dec 19, 2017
Xu Wei
China’s 2017 Economic Growth Will Outpace Forecasts on Strong Domestic Consumption, ABD Says

China’s 2017 Economic Growth Will Outpace Forecasts on Strong Domestic Consumption, ABD Says

The Asian Development Bank said today that it expects China’s economic growth for this year will outpace the its previous forecasts on strong domestic consumption, but will slow down next year.

Dec 13, 2017
Xu Wei
AIIB Approves USD335 Million Loan for Indian Subway Project That Will Ease Congestion

AIIB Approves USD335 Million Loan for Indian Subway Project That Will Ease Congestion

The Asian Infrastructure Investment Bank said yesterday that it approved a USD335 million loan that will help the Indian city of Bangalore build a new subway line that will ease congestion.

Dec 13, 2017
Xu Wei

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