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China CITIC Bank approved to set up wealth management company
China CITIC Bank, a major commercial lender, has gained approval from China Banking and Insurance Regulatory Commission (CBIRC) to set up a wealth management company.
Bank of China issues 30 bln yuan of tier-2 capital bonds
The Bank of China (BOC), one of China's four biggest lenders, has issued its second batch of tier-2 capital bonds totaling 30 billion yuan (about 4.27 billion U.S. dollars) to enrich its tier-2 capital.
ICBC profits up 5.8 pct in Q3
The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, reported a net profit increase of 5.8 percent in the third quarter of this year.
Agricultural Bank of China posts higher net profit in Jan.-Sept.
The Agricultural Bank of China, one of China's biggest state-owned commercial lenders, reported higher net profit and earnings in the first three quarters.
China disposes of more bad loans in first three quarters
China's banking and insurance authorities have disposed of more non-performing loans during the first three quarters of this year as the country's crackdown on financial irregularities steps up.
ICBC to increase financing for Yangtze River Delta development
China's largest commercial lender has planned an additional 2 trillion yuan (about 283 billion U.S. dollars) of financing to support the integrated development of the Yangtze River Delta region in the coming five years.
China's bank profits to hold steady in 2019: report
Profits of China's banking sector are expected to maintain steady this year, with faster growth in asset scale and ample liquidity, according to an industry report.
China's banking institutions report growth in total assets, liabilities in March
China's banking financial institutions saw an increase in total assets and liabilities, data from the country's top banking regulator showed.
Danske Bank analyst upbeat about Chinese economy's growth
China's economy growing faster than expected in the first quarter this year is a good sign for a recovery from its slowdown at the end of 2018, an analyst told Xinhua on Monday.
China Everbright Bank approved to set up wealth management unit
China Everbright Bank (CEB), a joint stock lender, has been approved to establish a subsidiary focusing on wealth management business.
Huaxia Bank 2018 profit rises 5.2 pct
Huaxia Bank, a mid-sized Chinese lender, reported a 5.22 percent rise in net profit in 2018, much faster than the 0.72-percent gain seen in the previous year.
CBIRC approves construction on investment management rural bank
The China Banking and Insurance Regulatory Commission (CBIRC) recently approved Changshu Rural Commercial Bank to construct China’s first investment management rural bank in Haikou, capital of south China's Hainan Province, according to Changshu Rural Commercial Bank.
Bank of China maintains steady profit growth
Bank of China, one of the country's four biggest lenders, maintained steady growth in net profits last year, company data showed.
China Minsheng Bank profit growth slows in 2018
China Minsheng Bank (CMBC) saw net profits edge up 1.03 percent in 2018, a slower growth than in 2017, company data showed.
ICBC lends more to small businesses
The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, aims to increase its loans to small and micro-sized businesses by at least 100 billion yuan (about 14.9 billion U.S. dollars) this year.
China Agricultural Bank pledges more loans to private businesses in 2019
Agricultural Bank of China, one of the "Big Four" banks in the country, will issue 132 billion yuan (19.6 billion U.S. dollars) of loans to private businesses in 2019, bank officials said Friday.
China's banking sector continues to expand
China's banking sector continued to expand, with assets and liabilities growing in February, official data showed.
China's banking funds report soaring net profits growth in 2018
Net profits of China's funds sector were mostly under-perform in 2018, according to their annual reports released recently while nothing that the net profits of funds in banking sector, however, bucked that trend and reported soaring...
China CITIC Bank reports higher profits in 2018
China CITIC Bank, one of the country's leading banks, saw its net profits rise 4.57 percent year on year in 2018.
Chinese own nearly 7.6 billion bank cards
On average, Chinese people had more than five bank cards at the end of last year as more people in the world's second-largest economy turn to non-cash transactions, according to a report from the central bank.
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