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Banks

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 [HKG:3698] has now withdrawn its A-share issue application…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
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

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