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Chinese banks report net forex purchase in March
Chinese banks saw a net foreign exchange purchase last month, data from the country's forex regulator showed Friday.
Chinese banks ease mortgage burden for epidemic-hit borrowers
China's five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic.
【Financial Str. Release】Chinese banks see decline in bad loan ratio by November end
Chinese commercial banks posted a declining bad loan ratio at the end of November 2021, official data showed.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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