Banks

Chinese Banks’ H-Shares Increase 6% Since Start of Q4, CICC Report Says

Chinese Banks’ H-Shares Increase 6% Since Start of Q4, CICC Report Says

The H-share sector of Chinese banks has increased 6.28 percent since the start of the fourth quarter this year, while…

Nov 24, 2017
Liao Shumin
UnionPay Signs Strategic Cooperation Deal With Banco Comercial Portugues to Expand Business in Europe, Africa

UnionPay Signs Strategic Cooperation Deal With Banco Comercial Portugues to Expand Business in Europe, Africa

UnionPay International, a subsidiary of China UnionPay Co., signed a strategic cooperation agreement with Banco Comercial Portugues SA [ELI:BCP] (BCP),…

Nov 21, 2017
Xu Wei
Citic, Baidu Set Up AI Bank to Offer Smart Financial Services

Citic, Baidu Set Up AI Bank to Offer Smart Financial Services

China’s largest commercial bank China Citic Bank Corp. Ltd. [SHA:601998;HKG:0998] and internet giant Baidu Inc. [NASDAQ:BIDU] announced on Nov. 18…

Nov 20, 2017
Zhang Xia
CBRC Tightens Regulation on Ownership Structure of Commercial Banks

CBRC Tightens Regulation on Ownership Structure of Commercial Banks

China Banking Regulatory Commission (CBRC) issued a draft copy of ‘Interim Measures for the Administration of Commercial Banks’ Equities’ on…

Nov 17, 2017
Xu Wei
PBOC Net Pulls CNY10 Billion Out of Financial System Via Open Market Operation

PBOC Net Pulls CNY10 Billion Out of Financial System Via Open Market Operation

China's central bank, the People's Bank of China (PBOC), pulled a net CNY10 billion (USD 1.51 billion) out of the…

Nov 17, 2017
Dou Shicong
PBOC Injects CNY187.5 Billion Into Financial System Via Open Market Operation

PBOC Injects CNY187.5 Billion Into Financial System Via Open Market Operation

China's central bank, the People's Bank of China (PBOC), injected a net CNY187.5 billion (USD28.26 billion) into the financial system…

Nov 16, 2017
Dou Shicong
PBOC Nips Yuan-Dollar Central Parity Rate by 23 Basis Points

PBOC Nips Yuan-Dollar Central Parity Rate by 23 Basis Points

China's central bank, the People's Bank of China (PBOC), snipped the yuan-dollar central parity rate by 23 basis points today, following yesterday’s rise of 136 basis points.

Nov 16, 2017
Dou Shicong
PBOC NET Injects CNY220 Billion Into Financial System Via Open Market Operation

PBOC NET Injects CNY220 Billion Into Financial System Via Open Market Operation

China's central bank, the People's Bank of China (PBOC), injected a net CNY220 billion (USD33.17 billion) into the financial system…

Nov 15, 2017
Dou Shicong
PBOC NET Injects CNY140 Billion Into Financial System Via Open Market Operation

PBOC NET Injects CNY140 Billion Into Financial System Via Open Market Operation

China's central bank, the People's Bank of China (PBOC), injected a net CNY140 billion (USD 21.09 billion) into the financial…

Nov 14, 2017
Dou Shicong
Banks Tighten Credit Lines, Set Low Loan Limits

Banks Tighten Credit Lines, Set Low Loan Limits

Banks’ have tightened their credit lines on stronger demand for financing of the real economy, tougher financial regulations and strained liquidity.

Nov 13, 2017
Liao Shumin
China Opens Interbank Bond Market for Interest Rate Swaps to Foreign Institutional Investors

China Opens Interbank Bond Market for Interest Rate Swaps to Foreign Institutional Investors

China's central bank, the People’s Bank of China (PBOC), has issued its Operational Procedures for Overseas Institutional Investors to Enter China's Inter-Bank Bond Market.

Nov 10, 2017
Xu Wei
Guangzhou Banks Hike Mortgage Rates as They Approach Annual Lending Quota

Guangzhou Banks Hike Mortgage Rates as They Approach Annual Lending Quota

The mortgage quota remains tight in the fourth quarter at banks in China’s southern city of Guangzhou. Last month, one…

Nov 10, 2017
Dou Shicong

Pages