Banks

Major Banks Go Through Sub-Branch Strategic Adjustment, Restructuring, Cuts

Major Banks Go Through Sub-Branch Strategic Adjustment, Restructuring, Cuts

Banks are restructuring their community sub-branch strategy after establishing what seems to be an excessive number of sub-branches, reported Beijing Business Today.

Jul 10, 2017
Xu Wei
Royal Bank of Scotland Sells Its Stake in Chinese Joint Venture to Guolian Securities for USD52 Million

Royal Bank of Scotland Sells Its Stake in Chinese Joint Venture to Guolian Securities for USD52 Million

The Royal Bank of Scotland (RBS) has agreed to transfer its 33.3 percent stake in Hua Ying Securities to Guolian…

Jul 7, 2017
Xu Wei
UnionPay Ramps Up Overseas Expansion of QR Code Payment Systems

UnionPay Ramps Up Overseas Expansion of QR Code Payment Systems

While building traditional acceptance networks and issuing cards in China, UnionPay International Co. (UPI) is ramping up efforts to expand…

Jul 5, 2017
Xu Wei
Rates on Certificates of Deposit Rise 40%; Some Money Funds Have Yields of Over 10%

Rates on Certificates of Deposit Rise 40%; Some Money Funds Have Yields of Over 10%

Several Chinese banks have increased rates on certificates of deposit (CD) by more than 40 percent to tackle challenges from money funds and to retain major depositors.

Jul 4, 2017
Yicai Global
PBOC Vice Governor Calls For ‘Coordinated and Diversified’ Uses of China’s Forex Reserves

PBOC Vice Governor Calls For ‘Coordinated and Diversified’ Uses of China’s Forex Reserves

China’s foreign exchange reserves will be stabilizing amid fluctuations, Pan Gongsheng, vice governor of the People's Bank of China, said in an article published this week.

Jul 3, 2017
Yicai Global
Improved China Market Lifts International Investors’ Confidence, Says Standard Chartered

Improved China Market Lifts International Investors’ Confidence, Says Standard Chartered

China remains an attractive investment destination for foreign investors, the latest market survey released by Standard Chartered PLC [LON:STAN] shows.

Jun 27, 2017
Ma Yifei
CBRC Probes Overseas Acquisition Risks, Fingers Wanda, HNA, Fosun and Rossoneri

CBRC Probes Overseas Acquisition Risks, Fingers Wanda, HNA, Fosun and Rossoneri

Chinese enterprises’ overseas investment has aroused regulators’ concern, and the China Banking Regulatory Commission (CBRC) has ordered banks to investigate some companies.

Jun 23, 2017
Yicai Global
PBOC Counselor Says China Won’t Unwind Balance Sheet, Cut Money Supply as Fed Did

PBOC Counselor Says China Won’t Unwind Balance Sheet, Cut Money Supply as Fed Did

The People’s Bank of China (PBOC) will not unwind its balance sheet in the same way as the Federal Reserve…

Jun 22, 2017
Yicai Global
PBOC Will Not Offer Bailout to ‘Small Number of Banks,’ Says Central Bank’s Head of Research

PBOC Will Not Offer Bailout to ‘Small Number of Banks,’ Says Central Bank’s Head of Research

China’s central bank, the People’s Bank of China (PBOC), does not need to bail out a small number of banks,…

Jun 21, 2017
Yicai Global
Guangzhou Rural Commercial Bank’s Hong Kong Listing Swells Ranks of Domestic Farm Bank IPOs

Guangzhou Rural Commercial Bank’s Hong Kong Listing Swells Ranks of Domestic Farm Bank IPOs

Guangzhou Rural Commercial Bank Co. [HK:1551] has successfully listed its H-shares.

Jun 21, 2017
Song Yikang
Banks Hold 90% of Financial Assets in China Compared to Insurers’ 6%, CIRC Chairman Says

Banks Hold 90% of Financial Assets in China Compared to Insurers’ 6%, CIRC Chairman Says

China’s financial system is structurally imbalanced, Huang Hong, vice chairman of the China Insurance Regulatory Commission, said at the 2017 Lujiazui Forum held today in Shanghai.

Jun 20, 2017
Yicai Global
BIS Effective Exchange Rate Index for Chinese Yuan Falls to a Three-year Low

BIS Effective Exchange Rate Index for Chinese Yuan Falls to a Three-year Low

On June 15, the Bank for International Settlements (BIS) published the effective exchange rate (EER) indices of May, 2017 on…

Jun 16, 2017
Yicai Global

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