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【Financial Str. Release】China's banking sector expected to see 10 pct profit growth in H2: report
Chinese commercial banks are likely to see their net profits grow by around 10 percent in the third and fourth quarters of 2021, boosted by the stability brought about by economic recovery, forecast the Bank of China Research Institute in a recent report.
China's banking, insurance sector contributes to economic recovery amid epidemic
China's banking and insurance sector has taken a slew of measures to buoy the recovery of the country's economy amid COVID-19 disruptions, an official said on Tuesday.
China's banking, insurance sectors to strengthen support for real economy
China's banking and insurance sectors will ramp up support for the real economy and unveil measures to prevent financial risks in 2021, the country's top banking and insurance regulator said on Wednesday.
China to toughen supervision of non-bank payment institutions
China's Sichuan Province saw a record-high foreign trade volume of about 808. 2 billion yuan (about 124.9 billion U.S. dollars) in 2020, registering a 19-percent growth year on year, according to a report by the customs of the provincial capital Chengdu.
China's factoring industry dips by 8.85 pct in 2019
China's factoring industry shrunk by 8.85 percent year on year in 2019, with total factoring volume standing at 1.75 trillion yuan (about 0.27 trillion U.S. dollars), according to a report published recently by China Banking Association (CBA).
Chinese banking sector's assets up in first nine months
The total assets of China's banking sector saw steady expansion in the first three quarters of the year, according to data from the country's top banking and insurance regulator.
Chinese banks in Singapore keep supporting BRI, despite COVID-19
Chinese banks in Singapore have continuously supported the Belt and Road Initiative (BRI), despite of the impact of Singaporean government's containment measures, such as closure of workplace premises.
E. China's Anhui promotes integration of banking, insurance industries into integrated dev. of Yangtze River Delta
East China's Anhui Province issued a guideline recently to promote the integration of banking and insurance industries into the integrated regional development of the Yangtze River Delta.
Chinese banks see rising asset custody business
China's banking industry has seen a rise in asset custody services, with banks seeking to expand the business and maintain profitability, according to the China Banking Association.
Bank of China sees net profit down 11.51 pct in H1
The Bank of China, one of the country's big four state-owned lenders, said its net profits plunged 11.51 percent year on year in the first half of 2020 (H1).
Bank of Communications net profit down 14.6 pct in H1
The Bank of Communications, one of China's largest commercial banks, posted a year-on-year net profit decline of 14.61 percent in the first half of 2020 (H1) as the COVID-19 epidemic resulted in more bad loans.
Disclosure of non-compliant shareholders positive for banks' corporate governance: S&P
The disclosure of the non-compliant shareholder list would serve as an effective deterrence against future bad behavior by shareholders in financial institutions, particularly small- and mid-sized banks, a report by S&P Global (China) Ratings said on Monday.
China's banking regulator beefs up supports for manufacturing sector
China's banking regulator has urged banks to enhance supports for the manufacturing sector especially advanced manufacturing and strategic emerging industries, a report of the China Securities Journal quoted an official as saying.
Commercial bank loans and NPL both rise in the first quarter, says BOT
Mr. Tharith Panpiemras, senior director of Banking Supervision and Risk Assessment Department of Bank of Thailand (BOT), disclosed the operation status of Thailand's commercial banking system in the first quarter 2020.
China's shadow banking falls 16 trln yuan over past 3 years
China's shadow banking sector has shrunk over the past three years as regulators scaled up deleveraging in an effort to keep the sector from bubbling over, the country's top banking authority said on Tuesday.
China's new yuan loans rise in April
China's new yuan-denominated loans continued to climb in April as the country stepped up credit support to inject liquidity into the real economy, official data showed Monday.
China Everbright Bank defers loan payments for small businesses
China Everbright Bank, a joint-stock lender, ramped up its credit support for small and micro enterprises amid the novel coronavirus disease (COVID-19) outbreak.
China's bad loan risk under control: regulator
China's non-performing loans in the banking industry have increased due to impacts from the novel coronavirus disease (COVID-19), but the risks are under control, the country's banking regulator said Tuesday.
Balance of loans up 4.4 pct in Shanghai by February
The balance of loans in Shanghai stood at 7.9 trillion yuan (about 1.13 trillion U.S. dollars) at the end of February, up 4.4 percent year on year, official data showed.
Chinese banks have 228,000 branches by 2019
The number of bank branches in China's banking industry hit 228,000 as of the end of 2019, with 15,591 branches renovated last year, a recent report showed.
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