China
China has over 7 billion bank cards in circulation in 2017
Each Chinese person has about 5 cards on average.
China has over 7 billion bank cards in circulation in 2017
Each Chinese person has about 5 cards on average.
Chinese banks brace as more reserve cuts loom to boost credit-short SMEs
Easing monetary policy will ease credit crunch firms face as part of the shadow banking crackdown.
China slashes reserve requirement to counter trade war pressures
The move releases around $108b in fresh liquidity into the system.
Alibaba-backed online lender MYBank opens up tech solutions to other banks
The company is similarly boosting the digital transformation of other banks.
Chinese audit office slams illegal activities by major banks
ICBC, BOC, and Citic extended loans to unqualified companies.
Chinese banks bad loans surge to $292.55b in May
NPL ratio also rose from 1.75% to 1.9%.
Tighter rules targeting shadow banking put brakes on China banks' expansion
The country’s slowing economy is about to squeeze banks’ profits and drive even greater costs.
Chinese bank credit continues to build up despite deleveraging campaign
Sustained expansion in household debt pose risks to the sector’s stability.
New loans extended by Chinese banks hit $179.51 b in May
Credit continues to build up in the system despite deleveraging efforts.
Chinese fintech companies are tapping on Asia's unbanked
Indonesia and other Southeast Asian markets are the target markets.
Chinese banks have yet to feel the brunt of deleveraging campaign
Lenders have been turning to negotiable certificates of deposit to offset interbank borrowing.
China banks move forward on liquidity risk management front
Lenders may soon shun less stable short-term funding sources amidst clearer guidelines.
Ten Chinese banks onboard SWIFT gpi for faster cross-border payments
Three of the country’s Big 4 lenders are already live on the payments initiative.
China state banks embrace home rental financing at risk of profit loss
The government-encouraged pivot comes at a risk of low returns for the lenders.
Chinese banks spin off asset management arms as oversight mounts
Bank of Communications is investing $1.25b for such unit in Shanghai.
Shanghai Pudong Development Bank taps Ant Financial for digitisation programme
The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Resource Center
Read Here
Advertise
Sign Up
Events
<time datetime="2024
<time datetime="2024
Event News
Event News
Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
![Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024]()
Co-Written / Partner
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
Most Read
1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
<time datetime="2024
<time datetime="2024