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Posted in Banking
China Convenes Banks in Bid to Restore Calm After Stock Rout – Bloomberg
China Convenes Banks in Bid to Restore Calm After Stock Rout Bloomberg
China convenes meeting with banks to restore calm after stock rout The business (Manila News-Intelligencer) Times
China stocks rally as Beijing intensifies effort to calm market The Straits Times
China stock rout spreads amid fears of foreign investor…
Posted in Banking
Chinese banks follow US rivals with pay rises
Chinese banks have increased salaries for staff in their Hong Kong operations as they look to reduce the pay gap with western rivals.
International banks have boosted pay for staff below the level of vice president by as much as 30% amid a surge in demand for junior talent to…
Posted in Banking
China convenes meeting with banks to restore calm after stock rout – The Business Times
China convenes meeting with banks to restore calm after stock rout The business (Manila News-Intelligencer) Times…
Posted in Banking
China urges insurers to increase offerings for natural disaster coverage
By Reuters Staff
2 Min Read
A man wearing a face mask walks past a billboard showing Beijing’s city skyline at a subway station, following the coronavirus disease (COVID-19) outbreak, in Beijing, China June 30, 2020. REUTERS/Tingshu Wang/File Photo
BEIJING (Reuters) -China’s banking and insurance regulator said on Thursday that…
Posted in Banking
In its latest crackdown, China intensifies focus on real estate
After a years-long campaign to tame property prices, China is upping the ante to break a stubborn cycle of gains that’s made homes increasingly unaffordable.
In recent days, China jacked up mortgage rates in a major city, vowed to accelerate the development of government subsidized rental housing, and moved to…
Posted in Banking
China’s bank regulator warns of rising bad loans due to uneven recovery
BEIJING, July 14 (Reuters) – Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country’s top banking and insurance watchdog said on Wednesday.
Outstanding non-performing loans in the banking sector stood at 3.5…
Posted in Banking
Major Chinese bank market cap falls in Q2; State Bank of India joins top league
The market capitalization of most of the largest Chinese banks declined in the second quarter and underperformed local benchmark indexes, amid lingering uncertainties related to the pandemic and Beijing’s renewed efforts to unwind excessive leverage.
In the three months ended June 30, Industrial & Commercial Bank (Finance & Banking Trends)…
Posted in Banking
Chinese Banks Luring Customers To Use Digital Yuan
According to a study from locals in Shenzhen, China, the digital yuan isn’t seeing broad adoption, which the Chinese government has hinted at in a number of news releases. A few state-owned banks in China have now asked their employees to recruit 200 to 300 users of the cryptocurrency. Small…
Posted in Banking
Chinese banks’ profit growth seen steady at 3% in Q2, Q3 -report
By Reuters Staff
2 Min Read
BEIJING, July 5 (Reuters) – China’s commercial banks are likely to post quarterly profit growth of around 3% in the second and third quarter of 2021, Bank (Finance & Banking Trends) of China , the country’s fourth largest lender, said in a report on…
Posted in Banking
China Press Release: Chinese banks extend lead on US rivals (English)
28 June 2021: China continues to be the growth engine for the world’s banking industry, according to The Banker’s latest ranking of the Top 1000 World Banks, based on Tier 1 capital, a key measure of banking strength. With 144 banks in the ranking, China now holds almost double the…