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Posted in Banking
2021 Chinese Private Banking Performance: Profiles for Leading Players Including WeBank, Suning Bank and Bank of Sanxiang
DUBLIN, Nov. 29, 2021 /PRNewswire/ — The “2021 Chinese Private Banks Report” report has been added to ResearchAndMarkets.com’s offering.
The 2021 Chinese Private Banks Report provides a comprehensive overview of the 19 private banks currently approved for operation in mainland China.
China launched trials for the establishment and operation of…
Posted in Banking
The global footprint of Chinese banks
Since 2016, Chinese banks have represented the largest banking system in the world (Cerutti and Zhou 2018). Their foreign claims are substantial, although those seem relatively small when compared to their domestic business (Manila News-Intelligencer). Recently, in the context of the COVID-19 pandemic, China’s global claims have received special attention,…
Posted in Banking
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Some Chinese banks told to issue more loans for property projects – sources
A man walks on a scaffolding at the construction site of the Beijing Xishan Palace apartment complex developed by Kaisa Group Holdings Ltd in Beijing, China, November 5, 2021. REUTERS/Thomas Peter/File Photo
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BEIJING, Nov 22 (Reuters) – Some Chinese banks have…
Posted in Banking
China’s Central Bank Signals Easing as Economic Risks Mount – Bloomberg
China’s Central Bank Signals Easing as Economic Risks Mount Bloomberg…
Posted in Banking
Some Chinese banks told to issue more loans for property projects – sources
Some Chinese banks told to issue more loans for property projects – sources | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
Close For the health and safety of everyone, our offices are temporarily closed to the public. If you have won a prize from…
Posted in Banking
EXCLUSIVE China FX regulatory body proposes cap on banks’ prop trading
Central bank-led self-regulatory group proposes changes
Analysts say measure is attempt to stop yuan gains
Yuan’s rally could hurt Chinese exports
SHANGHAI/BEIJING, Nov 19 (Reuters) – A central bank-led self-regulatory group that helps to oversee China’s foreign exchange industry has asked commercial banks to cap the size of their proprietary…
Posted in Banking
China issues draft rules on perpetual bonds sales by insurance companies
BEIJING, Nov 19 (Reuters) – China’s central bank and banking and insurance regulator issued draft rules on Friday on the issuance of perpetual bonds by country’s insurance companies.
The new rules aims to improve the capital replenishment and risk resistance of insurance firms, and to protect the interests of investors,…
Posted in Banking
China’s Largest Bad-Debt Manager, Huarong, to Raise $6.5 Billion in State-Led Bailout
HONG KONG—China Huarong Asset Management Co., the country’s biggest buyer of bad loans from banks, said it would receive a $6.5 billion capital injection from state-owned financial institutions, moving forward with a major step in a complicated restructuring.
The Beijing-based company, which is majority owned by China’s Finance Ministry, incurred…
Posted in Banking
UPDATE 1-Chinese c.bank governor says still unclear if inflation pressure transitory
By Reuters Staff
2 Min Read
(Adds more comments, context)
BUDAPEST, Nov 18 (Reuters) – China’s central bank governor Yi Gang said on Thursday that global inflation has increased sharply and “whether this inflation pressure is transitory still remains under debate.”
“New variants of (the) COVID virus could undermine the…