X

Banks

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
BoComm’s Investment Firm Gets Go-Ahead From Regulator to Conduct Debt-Equity Swaps

BoComm’s Investment Firm Gets Go-Ahead From Regulator to Conduct Debt-Equity Swaps

A newly-created investment company of Bank of Communications Co. [SHA:601328; HKG3328], one of China’s five big state banks, has received…

Dec 29, 2017
Dou Shicong
China to Cut Red Tape for Foreign-Backed Banks

China to Cut Red Tape for Foreign-Backed Banks

The China Banking Regulatory Commission unveiled plans to amend measures for foreign banking licensing yesterday as it looks to level the playing field between local and overseas lenders.

Dec 29, 2017
Liao Shumin
PBOC Introduces Plans to Regulate QR Code Payments to Contain Risks

PBOC Introduces Plans to Regulate QR Code Payments to Contain Risks

The People’s Bank of China introduced plans to regulate QR code payments to contain risks arising from the popular remittance method, state-run Xinhua News Agency reported.

Dec 28, 2017
Liao Shumin
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

Pages