Banks

China’s Traditional Banks Move Into Online Consumer Credit Business

China’s Traditional Banks Move Into Online Consumer Credit Business

With the growth of China’s consumer credit market, the nation’s traditional banks are looking to leverage their strengths and break into the rapidly expanding industry.

Jun 15, 2017
Xia Xinyu and Hong Ruoxin
ECB Ditches Dollars to Bump Up Yuan Reserves on Growing Importance of Chinese Currency

ECB Ditches Dollars to Bump Up Yuan Reserves on Growing Importance of Chinese Currency

The European Central Bank changed the equivalent to EUR500 million (USD560 million) of its dollar reserves to yuan, the institution…

Jun 14, 2017
Yicai Global
Mortgage Rate Hike Cools Speculative Investment; Credit Will Remain Tight Through the Year

Mortgage Rate Hike Cools Speculative Investment; Credit Will Remain Tight Through the Year

“Twenty of the 533 banks in China have already stopped granting housing loans, and more will follow suit.”

Jun 14, 2017
Song Yikang
Home Loan Business Remains Normal in Shanghai-Based State-Run Banking Institutions

Home Loan Business Remains Normal in Shanghai-Based State-Run Banking Institutions

"Business as usual," say major banks in Shanghai, denying some online rumors that about 20 banks in China have stopped…

Jun 13, 2017
Yicai Global
Ex-Head of Everbright Credit Card Center Joins Yillion, Northeast China’s First Private Bank

Ex-Head of Everbright Credit Card Center Joins Yillion, Northeast China’s First Private Bank

Dai Bing, general manager of China Everbright Bank Credit Card Center, will take on a new role as president of the recently founded Yillion Bank, the first private bank in Northeast China.

Jun 7, 2017
Song Yikang
Higher Rates or Longer Waiting Times Are the Options as Regulatory Impact on Mortgages Hits Banks

Higher Rates or Longer Waiting Times Are the Options as Regulatory Impact on Mortgages Hits Banks

As an incident to stiffer government regulation of real estate and reinforced de-leveraging in the financial market, the popularity of…

Jun 7, 2017
Xia Xinyu
China’s Foreign Reserves to Record USD30 Bln Surge in May, UBS Forecasts

China’s Foreign Reserves to Record USD30 Bln Surge in May, UBS Forecasts

China’s foreign exchange reserves may have increased by USD30 billion last month, continuing the upward trend four months in a…

Jun 6, 2017
Yicai Global
Foreign Banks Are No Longer ‘Wolves’ at the Door, Deutsche Bank China Chairman Gao Feng Says

Foreign Banks Are No Longer ‘Wolves’ at the Door, Deutsche Bank China Chairman Gao Feng Says

China’s economic development has provided huge growth opportunities for both the real economy and financial institutions. Since foreign banks first…

Jun 2, 2017
Zhang Yuanke
SPD Bank Sets Up Comprehensive Online Cooperation Platform for Financial Institutions

SPD Bank Sets Up Comprehensive Online Cooperation Platform for Financial Institutions

Shanghai Pudong Development Bank Co. (SPD Bank) [SHG:600000] has unveiled an online cooperation platform. The platform will operate through a…

Jun 1, 2017
Yicai Global
China’s Banks Go Big in Forbes 2017 Global 2000; ICBC Ranked as Biggest Listed Company in World

China’s Banks Go Big in Forbes 2017 Global 2000; ICBC Ranked as Biggest Listed Company in World

China’s ‘big four’ all secured a top-10 spot in Forbes’ 2017 Global 2000, a list of the largest public companies…

May 25, 2017
Yicai Global
Bank of Beijing, Gome Finance Team Up to Provide Capital Custody Service

Bank of Beijing, Gome Finance Team Up to Provide Capital Custody Service

Gome Finance Holding Investment Co., the financial platform business operated by Gome Holdings Group Co., has signed a strategic cooperation…

May 18, 2017
Yicai Global

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