Banks

China Construction Bank Earns USD30 Billion Net Profit in First Nine Months

China Construction Bank Earns USD30 Billion Net Profit in First Nine Months

China Construction Bank Corp.’s [SHA:601939;HKG:0939] net profits for the first three quarters rose 3.91 percent annually to CNY202.27 billion (USD30.6…

Oct 31, 2017
Song Yikang
PBOC Injects CNY300 Billion Cash Into Banking System

PBOC Injects CNY300 Billion Cash Into Banking System

China's central bank, the People’s Bank of China (PBOC), has injected fresh funds into the financial system for the ninth consecutive day via open market operations on Tuesday.

Oct 31, 2017
Tang Shihua
Banks in Fuzhou Hike Mortgage Rates Again

Banks in Fuzhou Hike Mortgage Rates Again

Many large banks in Fuzhou in China’s southeastern province of Fujian have hiked mortgage rates again, setting the mortgage rate…

Oct 24, 2017
Dou Shicong
Number of Banks in Eurozone Has Declined 25% Since 2008, European Central Bank Says

Number of Banks in Eurozone Has Declined 25% Since 2008, European Central Bank Says

The number of banks in the eurozone has decreased by 25 percent to 5,073 since Lehman Brothers Holdings Inc. filed…

Oct 24, 2017
Liao Shumin
China Will Promote Banking Sector’s Opening Up, China Banking Regulatory Commission Chairman Says

China Will Promote Banking Sector’s Opening Up, China Banking Regulatory Commission Chairman Says

China will promote the opening up of the banking sector and conduct reforms of foreign banks’ shareholding ratio and establishment…

Oct 19, 2017
Tang Shihua
Financial Supervision Will Become Stricter, China Banking Regulatory Commission Chairman Says

Financial Supervision Will Become Stricter, China Banking Regulatory Commission Chairman Says

Financial supervision will become increasingly stringent, and regulators will strictly enforce regulations, China Banking Regulatory Commission Chairman Guo Shuqing said…

Oct 19, 2017
Tang Shihua
Ten Chinese Banks Start Working Groups to Aid Probes Into Tax Information for Non-Residents

Ten Chinese Banks Start Working Groups to Aid Probes Into Tax Information for Non-Residents

Ten Chinese banks, including the country’s big four state-owned banks and China CITIC Bank Corp. Ltd. [SHA:601998;HKG:0998], have formed working…

Oct 12, 2017
Dou Shicong
Agricultural Bank of China Introduces Facial Recognition Tech for Withdrawals at 3,300 ATMs in Guangdong Province

Agricultural Bank of China Introduces Facial Recognition Tech for Withdrawals at 3,300 ATMs in Guangdong Province

The Agricultural Bank of China Ltd. (ABC) [SHA:601288; HK:1288] has introduced facial scanning technology for cash withdrawal services at automated…

Sep 30, 2017
Dou Shicong
ICBC’s New Online Micro-Financing Platform Lends USD1.7 Billion in First Two Months

ICBC’s New Online Micro-Financing Platform Lends USD1.7 Billion in First Two Months

Industrial and Commercial Bank of China Ltd. [SHA:601398;HKG:1398], better known as ICBC, has rolled out an online micro-loan service for…

Sep 28, 2017
Tang Shihua
Home Loans Masked as Consumer Loans Push Household Leverage Rates Up, Report Says

Home Loans Masked as Consumer Loans Push Household Leverage Rates Up, Report Says

The National Institute for Finance & Development affiliated to the Chinese Academy of Social Sciences and the Center for National…

Sep 28, 2017
Xu Wei
Regulators Did Not Require Reviews of HNA’s and Wanda’s M&A Deals, China Banking Association Says

Regulators Did Not Require Reviews of HNA’s and Wanda’s M&A Deals, China Banking Association Says

Bank reviews of enterprises’ mergers and acquisitions are for prudent management, and the China Banking Regulatory Commission (CBRC) did not…

Sep 26, 2017
Xu Wei
Bank of China, Tencent to Cooperate in Fintech as Industry Competition Intensifies

Bank of China, Tencent to Cooperate in Fintech as Industry Competition Intensifies

Bank of China Ltd. [SHA:601988;HKG:3988] (BoC) and Tencent Holdings Ltd. [HKG:0700] have signed an agreement to further cooperate in the financial sector, China Securities reported on Sept. 24.

Sep 25, 2017
Zhang Xia

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