Banks

Baidu, Citic Bank to Double AiBank’s Share Capital to USD4 Billion

Baidu, Citic Bank to Double AiBank’s Share Capital to USD4 Billion

Citic aiBank Corp., China’s first direct bank operating as an independent legal entity, plans to raise CNY2 billion (USD317 million)…

Mar 27, 2018
Song Yikang
China Fortune Land Development Denies Banks Have Stopped Loans

China Fortune Land Development Denies Banks Have Stopped Loans

China Fortune Land Development Denies Banks Have Stopped Loans.China Fortune Land Development Co. (CFLD) is in sound and stable condition,…

Mar 27, 2018
Liao Shumin
ICBC Forges Direct Mortgage System Link to Realty Giants

ICBC Forges Direct Mortgage System Link to Realty Giants

ICBC Forges Direct Mortgage System Link to Realty Giants - Industrial and Commercial Bank of China, Vanke, Country Garden, Evergrande, Lianjia

Mar 24, 2018
Dou Shicong
China's Central Bank May Raise Open Market Repo Interest Rates After Fed’s Decision

China's Central Bank May Raise Open Market Repo Interest Rates After Fed’s Decision

China’s central bank may follow the U.S. Federal Reserve if the latter announces this year’s first interest rate rise as…

Mar 22, 2018
Xu Wei
BOE Tech Secures USD7.9 Billion From ICBC for Construction Projects

BOE Tech Secures USD7.9 Billion From ICBC for Construction Projects

China’s biggest display panel maker BOE Technology Group Co. has secured CNY50 billion (USD7.9 billion) financing from Industrial and Commercial Bank…

Mar 21, 2018
Tang Shihua
China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s Central Bank Fines Two Banks USD27.7 Million for Regulatory Violations

China’s central bank has handed out hefty fines totaling CNY176 million (USD27.7. million) to two banks in the country following inspections of payment and clearing businesses.

Mar 19, 2018
Song Yikang
Rise of Internet Finance Fuels Wave of Bank Closures in China

Rise of Internet Finance Fuels Wave of Bank Closures in China

China has seen a wave of bank outlet closures across the country in recent years as the increased adoption of online financial services has resulted in fewer visits to local branches.

Mar 14, 2018
Song Yikang
AgBank to Raise USD16 Billion to Meet Capital Ratio Requirements

AgBank to Raise USD16 Billion to Meet Capital Ratio Requirements

One of China’s biggest banks, Agricultural Bank of China Ltd., plans to issue up to 27.5 billion shares through private…

Mar 13, 2018
Tang Shihua
CBRC Lowers Loan Loss Provision Red Line, Institutes Differential Bank Policies

CBRC Lowers Loan Loss Provision Red Line, Institutes Differential Bank Policies

Chinese regulators have eased restrictions on the loan loss provisions in the banking sector and instituted tailored supervision, namely ‘differential policies for…

Mar 7, 2018
Song Yikang
Sinyang-Backed Firm Takes on China Development Bank Unit as Investor

Sinyang-Backed Firm Takes on China Development Bank Unit as Investor

Sinyang Silicon (Shanghai) Semiconductor Technology Co. has secured equity financing from CDB Technology Venture Capital Co., China Development Bank's investment arm.

Mar 2, 2018
Tang Shihua
China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s Commercial Banks Hike Mortgage Rates for First-Time Homebuyers

China’s commercial banks have decided to raise mortgage rates for first-time homebuyers. The decision comes despite the overall credit line…

Feb 27, 2018
Tang Shihua
Guangzhou Completes First Cross-Border Carbon Trade Via New Yuan Settlement Account

Guangzhou Completes First Cross-Border Carbon Trade Via New Yuan Settlement Account

China has completed its first cross-border carbon trade after its central bank rolled out a policy earlier this year to encourage yuan-based international business.

Feb 26, 2018
Dou Shicong

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