Chinese online lender MYbank, backed by Alibaba Group, became the first private bank to receive regulatory approval to replenish capital through sales of perpetual bonds,…
Chinese banks' bad loans have increased to a" high level" due to the impact of the coronavirus pandemic, warns the banking regulator. “Asset quality at…
Chinese banks could post flat or even falling profits in 2020 despite earnings growth in the first quarter, due to the coronavirus outbreak, the research…
Profit generated by China’s listed banks continued to slow in the first quarter of the year, hurt by heightened macroeconomic uncertainties and the coronavirus pandemic.…
China's shadow banking shank by 16 trillion yuan in three years, according to the regulator, but the size of some part of shadow financing has…
China’s banking and insurance regulator has issued draft rules on banks’ online lending business which will ban the use of the loans for riskier investments…
Chinese banks see the amount of potential bad loans increased significantly in the first quarter as businesses were hurt by the coronavirus outbreak, with retail…
China’s central bank has approved business operations of Mengshang Bank to take over the assets and operations of Baoshang Bank, according to a statement released…
China’s biggest banks are rushing to halt new investment in products linked to commodities futures to prevent after the unprecedented collapse of crude oil prices burned investors…
Several Chinese banks have suspended opening positions for their crude oil related products after the unprecedented collapses of oil prices led to huge losses to…
Chinese authority is temporarily relaxing some regulatory requirement for small banks to encourage them increase lending to small businesses. The government also pledged to extend…