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Banks

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
Asian Infrastructure Investment Bank to Sustain Strong Credit Profile, Moody's Says

Asian Infrastructure Investment Bank to Sustain Strong Credit Profile, Moody's Says

The Asian Infrastructure Investment Bank will maintain its AAA-stable credit rating thanks to robust capital adequacy, a strong governance framework…

Sep 5, 2017
Tang Shihua
Bank of Lanzhou Rolls out QR Code Withdrawals at ATMs, Negates Need for Debit Card

Bank of Lanzhou Rolls out QR Code Withdrawals at ATMs, Negates Need for Debit Card

In order to keep up with the rapidly-growing online payment sector, China’s Bank of Lanzhou Co. has kicked off QR…

Sep 5, 2017
Tang Shihua
30% of Its Loans Will Go to Private Enterprises, Says BRICS Bank VP

30% of Its Loans Will Go to Private Enterprises, Says BRICS Bank VP

The New Development Bank of BRICS hopes to incorporate private enterprises into their list of loan customers in 2018 or…

Sep 5, 2017
Feng Difan
Banks Freeze USD37 Million in Assets at China’s Leading Electronic Visual Product Maker

Banks Freeze USD37 Million in Assets at China’s Leading Electronic Visual Product Maker

Two banks have frozen USD37.4 million (CNY245 million) in asset funds held by Jiangsu Protruly Vision Technology Group Co. [SHA:600074],…

Sep 4, 2017
Dou Shicong
Chinese Investment Group Plans to Buy Stake in Banque Internationale a Luxembourg for USD1.76 Billion

Chinese Investment Group Plans to Buy Stake in Banque Internationale a Luxembourg for USD1.76 Billion

Chinese investment group Legend Holdings Corp. [HK:3396] plans to make financial services one of its mainstays by acquiring a controlling…

Sep 4, 2017
Dou Shicong
China Development Bank and Bank Mandiri of Indonesia Partner on Bilateral Trade

China Development Bank and Bank Mandiri of Indonesia Partner on Bilateral Trade

China Development Bank and Bank Mandiri of Indonesia signed a strategic cooperation memorandum of understanding at an event in Jakarta,…

Aug 31, 2017
Xu Wei
Bank of China’s Half-Year Net Profit Increases Over 10% on Commercial Banking Business Growth

Bank of China’s Half-Year Net Profit Increases Over 10% on Commercial Banking Business Growth

Bank of China Ltd.’s [SHA:601988; HK:3988] net profit increased more than 10 percent in the first half on commercial banking business growth.

Aug 31, 2017
Zhang Xia
ICBC Reports Higher First-Half Net Profit Growth, Provision Coverage Holds to Less Than 150%

ICBC Reports Higher First-Half Net Profit Growth, Provision Coverage Holds to Less Than 150%

Improved financing management, tighter risk control and promotion of innovation and transformation allowed Industrial & Commercial Bank of China Ltd [SHA:601398; HKG:1398]…

Aug 31, 2017
Xu Wei
ICBC Holds Talks With Persian Gulf States on Panda Bond Issuance

ICBC Holds Talks With Persian Gulf States on Panda Bond Issuance

Industrial and Commercial Bank of China Ltd. [SHA:601398; HK:1398] is in talks with entities in Persian Gulf states on the issuance of yuan-denominated bonds, Wallstreetcn.com reported yesterday.

Aug 31, 2017
Xu Wei

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