Banks

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
Mortgage Rate for First-Time Homebuyers in China Goes Up Over 20% in One Year, Industry Data Show

Mortgage Rate for First-Time Homebuyers in China Goes Up Over 20% in One Year, Industry Data Show

As China's banking sector has increased supervision over home loans, the mortgage rates for first-time homebuyers rose more than 20…

Dec 11, 2017
Tang Shihua
IMF, World Bank Reports Fail to Fully Reflect Stress Testing Results, PBOC Says

IMF, World Bank Reports Fail to Fully Reflect Stress Testing Results, PBOC Says

China’s central bank, the People’s Bank of China (PBOC), responded on its official website today to reports by the International…

Dec 7, 2017
Xu Wei
ICBC Gives Guangzhou City Construction Investment Group USD3 Billion to Develop Rental Housing

ICBC Gives Guangzhou City Construction Investment Group USD3 Billion to Develop Rental Housing

The Guangdong branch of Industrial and Commercial Bank of China [SHA:601398] (ICBC), one of China’s large state-owned banks, inked an…

Dec 6, 2017
Dou Shicong
China’s Postal Savings Bank to Provide USD30 Bln Intentional Financing Support to Shenzhen to Boost Key Industries

China’s Postal Savings Bank to Provide USD30 Bln Intentional Financing Support to Shenzhen to Boost Key Industries

China’s commercial retail bank the Postal Savings Bank of China Co. [HKG:1658] (PSBC) signed a strategic cooperation agreement with Shenzhen…

Dec 5, 2017
Xu Wei

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