Financial Services
China to expand cross-border use of RMB2021-09-19
China will expand the use of its currency, the renminbi (RMB), in cross-border payments amid efforts to advance RMB internationalization, said a central bank report released on Saturday.
Chinese banks log forex settlement surplus in August2021-09-18
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.
Lengthy QE moves abroad striking alarm2021-09-17
China's former central bank governor warned of the negative effects arising from prolonged monetary easing in some advanced economies, as asset prices are rising to record highs.
China launches Wealth Management Connect pilot scheme in Greater Bay Area2021-09-11
The Wealth Management Connect (WMC) pilot scheme facilitating the purchase of wealth management products (WMPs) in the Guangdong-Hong Kong-Macao Greater Bay Area was launched on Friday.
China's new yuan loans rise in August2021-09-11
China's new yuan-denominated loans totaled 1.22 trillion yuan (about 189 billion U.S. dollars) last month, down 63.1 billion yuan from the same period last year, central bank data showed Friday.
Asset quality of Chinese banks improves as NPL ratio drops in H12021-09-11
The asset quality of most listed banks of China has improved in the first half of the year, which was evident in their dropping non-performing loan (NPL) ratio in contrast to the rise of the ratio for about half of the listed banks in the first six months last year.
Relending to boost credit for small biz2021-09-08
The People's Bank of China, the central bank, will release all of the 300 billion yuan ($46.41 billion) new quota of relending funds to increase commercial banks' targeted credit supply to smaller businesses in the rest of this year, a senior official said on Tuesday.
未命名_副本.jpg BRICS to get China digital push2021-09-07
BRICS to get China digital push
State banks' asset quality, profits improve2021-09-01
The asset quality of large State-owned commercial banks in China stabilized and improved in the first half of this year, with noticeable improvements in indicators like the nonperforming loan ratio.
Possible RRR cut sends proactive signals, experts say2021-08-28
China's central bank may reduce the amount of cash held as reserves from some financial institutions in the short term, as it aims at further strengthening financial support for rural development and maintaining liquidity at an ample level, analysts predicted on Friday.
Banking giant bullish on China market2021-08-26
China will remain a pivotal market for Standard Chartered Bank as the company aligns strategic priorities with the country's domestic and international agendas, its senior executives said.
China builds cross-border finance blockchain platform2021-08-26
China has established a digital finance service platform to leverage blockchain technology to spur the development of a China-Europe cargo train service.
Central bank set to bolster small businesses2021-08-25
The real economy and small businesses in China are likely to receive more funding from the banking sector in the coming months, as the central bank vowed more actions to ensure stable credit growth and reallocate the supply of loans, analysts said on Tuesday.
AIIB may officially end coal financing in 20222021-08-06
The Asian Infrastructure Investment Bank may officially rule out coal projects if it updates its energy strategy next year, after shunning funding for such plants since it began operations in 2016.
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