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China Everbright Bank speeds up digitalization with application system cloud rate reaching 88 pct
China Everbright Bank has advanced digital transformation with the bank's application system cloud rate reaching 88 percent by the end of July.
N. China's Tianjin provides financial support for sports enterprises to resume production
North China's Tianjin Municipal Sports Bureau has teamed up with a local bank to provide financial support for sports enterprises to resume production in the post-epidemic period, said the bureau on Thursday.
China to boost efforts on reform, restructuring of small, medium-sized banks this year
Chinese banking regulator is making efforts to deepen reform and risk mitigation of small- and medium-sized banks, said Cao Yu, vice chairman of China Banking and Insurance Regulatory Commission (CBIRC).
China interbank money market turnover falls in February
China's interbank money market saw 58 trillion yuan (about 8.2 trillion U.S. dollars) in transactions in February, down 8.22 percent year on year, data from the People's Bank of China showed.
Banks won't disrupt services and will provide financial assistance for debtors instead, stresses TBA
TBA member banks are ready to provide assistance to corporate customers facing operation difficulty as well as individual customers in accordance with the assistance package announced in February.
China's financial institutions issue over 110 billion yuan of preferential loans
China's financial institutions have issued 111.4 billion yuan (about 15.9 billion U.S. dollars) of low-cost loans by Sunday to help businesses get back on track amid the coronavirus epidemic, the central bank said Tuesday.
China's anti-epidemic credit exceeds 1.25 trillion yuan
Chinese banking institutions had offered credit support of over 1.25 trillion yuan as of Tuesday noon to meet firms' financing needs for epidemic prevention and control, according to the China Banking Association on Tuesday.
Chinese banks' anti-epidemic credit support exceeds 1.15 trln yuan
Chinese banking institutions had offered credit support of over 1.15 trillion yuan as of Monday noon to meet firms' financing needs for epidemic prevention and control, the Xinhua-run cs.com.cn reported on Monday.
Prudent monetary policy will remain during outbreak: PBOC
China will continually strengthen monetary and credit support to promote economic growth and limit the impact of the novel coronavirus outbreak while maintaining stable prices, the People's Bank of China, the central bank, said in its quarterly monetary policy report issued on Wednesday night.
China sees surging online transactions during Spring Festival
Chinese card payment giant China UnionPay reported an increasing number of online transactions during the weeklong Spring Festival holiday.
China simplifies preferred stocks offering requirements for non-listed banks
China's banking and securities regulators amended guiding opinions on commercial banks issuing preferred stocks to streamline their capital supplementation channels and better support the real economy, reported the Xinhua-run Economic Information Daily on Monday.
First Taiwan-funded bank approved to issue credit card in Chinese mainland
Shanghai-based Fubon Bank (China) Co. has recently received approval to issue credit cards in the Chinese mainland, according to a Chinese mainland spokesperson Wednesday.
Postal Saving Bank of China approved to set up wealth management unit
Postal Saving Bank of China announced on Wednesday that it had won approval from the China Banking and Insurance Regulatory Commission to establish a subsidiary focusing on wealth management business.
Chinese, British banks to offer financial support to BRI
The Export-Import Bank of China and Standard Chartered Bank on Thursday signed a memorandum of understanding (MoU) for cooperation under the framework of the Belt and Road Initiative (BRI).
China's commercial banks earnings rise in H1
China's commercial banks saw fast profit growth during the first half of this year, official data showed.
China has over 7 bln bank cards
China had issued 7.03 billion bank cards by the end of 2017, meaning each Chinese person has about 5 cards on average, according to a new industry report.
China continues to inject liquidity into money market
China's central bank continued to inject funds into the financial system through open market operations on Friday to offset liquidity pressure.
China's central bank drains 70 bln yuan from market
China's central bank drained 70 billion yuan (about 11 billion U.S. dollars) from the financial system through open market operations Thursday, with the volume of maturing securities exceeding new injections.
China's central bank continues cash injections
China's central bank on Tuesday injected cash into the interbank monetary market to maintain liquidity.
Chinese banks' assets, liabilities continue to expand
China's banking institutions saw their assets and liabilities continue to expand in April compared with a year earlier, according to the China Banking and Insurance Regulatory Commission.
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