Banks

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
Central Bank to Bring In Reserve Ratio Cuts for Inclusive Finance on Jan. 25

Central Bank to Bring In Reserve Ratio Cuts for Inclusive Finance on Jan. 25

China’s central bank will cut its targeted reserve ratio for inclusive finance on Jan. 25 to make credit available to more societal groups, it said on social media today.

Jan 17, 2018
Dou Shicong
Export-Import Bank of China Has Funded 3,000 Km of Cambodian Roads

Export-Import Bank of China Has Funded 3,000 Km of Cambodian Roads

Export-Import Bank of China (EIBC) has financed Cambodia’s construction of nearly 3,000 kilometers of roads, over 430,000 hectares of irrigation…

Jan 12, 2018
Liao Shumin
Banks Decide Countercyclical Coefficient in Calculation of Their Yuan-Dollar Exchange Rate, PBOC Says

Banks Decide Countercyclical Coefficient in Calculation of Their Yuan-Dollar Exchange Rate, PBOC Says

The countercyclical coefficient used to calculate the countercyclical factor is independently determined by banks that provide quotes for the yuan-dollar…

Jan 10, 2018
Liao Shumin
China, Thailand Renew Currency Swap Agreement to Foster Trade, Investment Ties

China, Thailand Renew Currency Swap Agreement to Foster Trade, Investment Ties

People’s Bank of China and Bank of Thailand have renewed the bilateral currency swap agreement between the central banks of…

Jan 9, 2018
Xu Wei
PBOC Accepts Reporting Agency’s Application, Advancing New Personal Credit System

PBOC Accepts Reporting Agency’s Application, Advancing New Personal Credit System

The People’s Bank of China said on its website that it has accepted Baihang Credit Scoring Co.’s business application, advancing the long-awaited unified personal credit platform.

Jan 5, 2018
Xu Yanyan & Du Chuan
China’s Banks Tighten Scrutiny on Financing of Public-Private Partnership Projects to Identify False Schemes

China’s Banks Tighten Scrutiny on Financing of Public-Private Partnership Projects to Identify False Schemes

China’s regulators have tightened regulation on the financing of public-private partnership, often referred to as PPP, projects. The regulators carry…

Jan 5, 2018
Dou Shicong
Two Chinese and Russian Financial Institutions Realize First Ruble Cash Airlift to China

Two Chinese and Russian Financial Institutions Realize First Ruble Cash Airlift to China

China’s Harbin Bank and Russia’s Asian-Pacific Bank have realized the first cross-border cash airlift of the ruble, the Russian currency,…

Jan 3, 2018
Tang Shihua
PBOC to Increase Reserve Requirement Ratio for Customer Deposits in Payment Institutions, Officials Say

PBOC to Increase Reserve Requirement Ratio for Customer Deposits in Payment Institutions, Officials Say

The People's Bank of China, the central bank, will gradually raise the reserve requirement ratio for customer deposits in payment…

Jan 2, 2018
Dou Shicong
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

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