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Chinese Banks News

Adani's Australian coal mine

04 Dec 2017

China's top two banks won't lend to Adani's Australian coal mine

Australian and overseas banks have balked at granting loans for the project, which environmentalists oppose due to climate change and the potential for damage to the Great Barrier Reef.

China mobile wallet

23 Nov 2017

Users opting mobile payments exceed 520 million in China

The combined value of mobile payments jumped 33.8 per cent to 39.2 trillion yuan (USD six trillion).

China central bank

21 Sep 2017

China's central bank tells banks to stop doing business with North Korea

Chinese banks received the document on Monday, the sources said.

07 Sep 2017

China's fifth-largest bank downgraded to junk status

China's fifth-largest state-owned bank has had its credit rating downgraded to junk status by Moody's, the latest sign of fragility in the country's financial system.

14 Apr 2017

China's shadow banking rebounds in March, household loans surge despite curbs

China`s banks unexpectedly extended less credit in March than in the previous month as the government tries to contain the risks from an explosive build-up in debt and an overheating housing market.

07 Sep 2016

Thousands lose jobs as China's state-owned banks cut costs

China's biggest state-owned banks retrenched thousands of staff members as the country's banking industry faced its most challenging year amid a slowdown in the world's second biggest economy.

21 Jul 2016

Capital flows out of China slowing: Beijing

The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed today, despite the yuan's persistent weakness making it less attractive to hold.

Chinese Central Banks

31 Mar 2016

Chinese central bank injects $15.4 billion into market

The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending.

29 Mar 2016

Samsung follows Apple with launch in China of mobile payment

South Korea`s Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago.

03 Dec 2015

Bank of China appeals disclosure order in counterfeit case

The Bank of China is appealing a decision by a New York court to fine it USD 50,000 a day for withholding information about counterfeiters' bank accounts in China.

31 Mar 2015

China eases housing tax, lending rules to fight downturn

The policy sweeteners, which were more generous than what the market had expected, confirmed rumours swirling in China on Monday that authorities were increasing support for the flagging real estate sector.

02 Mar 2015

Washington says waiting for China response on tech rule concerns

The Obama administration is waiting for China to respond to concerns raised about planned new rules pushing Chinese banks to purchase high-tech products from domestic vendors, a senior State Department official said on Monday.

25 Dec 2014

China's bankers enjoy first pay hike since global financial crisis

Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks.

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