Banks

JC Finance & Tax Donates USD4.5 Million to PBOC Finance School at Tsinghua University

JC Finance & Tax Donates USD4.5 Million to PBOC Finance School at Tsinghua University

Chinese fintech firm JC Finance & Tax Interconnect Holdings Ltd. [SHE:002530] will donate CNY30 million (USD4.56 million) over five years…

Sep 22, 2017
Tang Shihua
PBOC’s Financial Market Department Supports Beijing Banks Hiking First-Home Loan Rates

PBOC’s Financial Market Department Supports Beijing Banks Hiking First-Home Loan Rates

Many banks in Beijing have recently raised first-home lending rates. The financial market department of the People’s Bank of China,…

Sep 20, 2017
Tang Shihua
Chinese Banks Tighten Post-Loan Management to Stop Consumers Using Personal Loans to Invest

Chinese Banks Tighten Post-Loan Management to Stop Consumers Using Personal Loans to Invest

After China’s banking regulator discovered consumer loans were winding up in the real estate market, many of the nation’s banks…

Sep 20, 2017
Zhang Xia
China Merchants Bank Opens Sydney Branch, Becomes First Chinese Joint-Stock Lender in Australia

China Merchants Bank Opens Sydney Branch, Becomes First Chinese Joint-Stock Lender in Australia

China Merchants Bank Co. [SHA:600036] has become the first Chinese-funded joint-stock bank to operate branches in Australia after opening a location…

Sep 20, 2017
Dou Shicong
First Home Mortgage Interest Rates Rise in Beijing as Bank Credit Dries Up

First Home Mortgage Interest Rates Rise in Beijing as Bank Credit Dries Up

Beijing’s first home mortgage interest rates have continued to rise as bank credit dries up.

Sep 19, 2017
Liao Shumin
Baoshan Iron & Steel Plans to Buy 10% Stake in Shanghai-Based Lender from ANZ Bank

Baoshan Iron & Steel Plans to Buy 10% Stake in Shanghai-Based Lender from ANZ Bank

Shanghai-based Baoshan Iron & Steel Co. [SHA:600019] plans to buy a 10-percent stake in Shanghai Rural Commercial Bank Co. from…

Sep 19, 2017
Dou Shicong
Decline in Idle Funds Indicates Increased Financial Support to Real Economy, CBRC Says

Decline in Idle Funds Indicates Increased Financial Support to Real Economy, CBRC Says

The total amount of money sitting idle in the banking sector has dropped, indicating that measures introduced by the government…

Sep 18, 2017
Liao Shumin
Regulators Shut Down Bank of Lanzhou’s QR Code Cash Withdrawals After Just Three Days

Regulators Shut Down Bank of Lanzhou’s QR Code Cash Withdrawals After Just Three Days

China’s Bank of Lanzhou Co. has suspended its recently-introduced service that allowed QR code withdrawals from ATMs through third-party payment…

Sep 7, 2017
Zhang Xia
CBRC’s Jiangsu Office Will Direct Bank Funds to Real Economy

CBRC’s Jiangsu Office Will Direct Bank Funds to Real Economy

China is undergoing an economic transformation, and the China Banking Regulatory Commission’s Jiangsu office will strengthen supervision and direct bank…

Sep 6, 2017
Dou Shicong
Beijing Investigates Use of Personal Loans to Illegal Buy Homes

Beijing Investigates Use of Personal Loans to Illegal Buy Homes

China’s central bank and banking commission have required Beijing financial institutions to self-assess the flow of personal loans issues and focus on illegal financing in the real estate market.

Sep 6, 2017
Dou Shicong
US Greenlights SPD Silicon Valley Bank’s Investment-Linked Lending Business

US Greenlights SPD Silicon Valley Bank’s Investment-Linked Lending Business

US regulators have approved an investment-linked lending business proposed by SPD Silicon Valley Bank, a joint venture between China’s Shanghai…

Sep 6, 2017
Xia Xinyu
Chinese Banking Regulator Approves China Construction Bank’s Issuance of Preferred Shares

Chinese Banking Regulator Approves China Construction Bank’s Issuance of Preferred Shares

China Construction Bank Corp. [SHA:601939; HK:0939] recently received approval from the China Banking Regulatory Commission to issue less than 600…

Sep 6, 2017
Xu Wei

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