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  • Chinese banks log forex settlement surplus in August

    China's banks saw a net forex settlement surplus of 88.4 billion yuan (13.6 billion U.S. dollars) in August, the country's forex regulator said Friday.

    September18,2021


  • Chinese banks report forex settlement surplus in March

    Chinese banks saw foreign exchange (forex) settlement surplus last month, data from the country's forex regulator showed Friday.

    April25,2021


  • Chinese banks report net forex purchase

    Chinese banks saw a net foreign exchange purchase in 2020 as the yuan's exchange rate remained generally stable despite increasing fluctuations, data from the country's forex regulator showed Friday.

    January22,2021


  • 21 Chinese banks set up wealth management subsidiaries

    China has seen 21 banks set up wealth management subsidiaries, 19 of which have been operational, said Zhou Gengqiang, deputy secretary-general of the China Banking Association.

    November30,2020


  • Chinese banks report forex settlement surplus in September

    China's commercial banks saw a net forex settlement surplus of 26.9 billion yuan (about 4 billion U.S. dollars) in September, the country's forex regulator said on Friday.

    October23,2020


  • Chinese banks crank up efforts in fintech to boost digitalization

    Chinese banks, in particular large lenders, have been leveraging financial technology (fintech) to propel their digital transformation, reported China Securities Journal Wednesday.

    September16,2020


  • Chinese banks report forex settlement surplus in H1

    China's commercial banks saw a net forex settlement surplus of 553.1 billion yuan (about 78.6 billion U.S. dollars) in the first half this year, the country's forex regulator said Friday.

    July17,2020


  • China's banking regulator tightens oversight on financial data reporting

    Eight Chinese banks have been fined up to 17.7 million yuan (about 2.5 million U.S. dollars) by the country's top banking regulator as authorities moved to tighten supervision over financial data reporting.

    May14,2020


  • PSBC posts solid profit growth in H1

    Postal Savings Bank of China (PSBC), one of China's major state-owned lenders, posted a double-digit net profit growth in the first half of 2019 as its retail banking and intermediary business expanded.

    August21,2019


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