-
4 days ago | 
caixinglobal.com | Wang Shiyu |Wu Xiaomeng |Quan Yue |Wu Yujian
同样是在股市开盘之前的上午9点，同样是中国人民银行、国家金融监督管理总局（下称“金监总局”）、证监会“一把手”悉数鱼贯而出，2025年5月7日在国务院新闻办公室举行的“一揽子金融政策支持稳市场稳预期”新闻发布会，吸引了国内外市场的目光。此前，央行、金监总局、证监会“一把手”在2024年9月24日的国新办发布会上，宣布了一系列金融支持经济高质量增长的增量政策。
At 9 a.m., ahead of the stock market’s opening, the heads of the People’s Bank of China, the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC) made a coordinated appearance.
-
4 weeks ago | 
caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na
Explore the story in 3 minutesChinese banks are increasingly optimistic about their international ventures, as their overseas operations show significant growth in profits compared to domestic struggles. The Industrial and Commercial Bank of China (ICBC) reported a 19% rise in pretax profits from its overseas institutions last year, reaching $4.4 billion as total assets expanded by 4% to over $430 billion [para. 2].
-
4 weeks ago | 
caixinglobal.com | Wu Xiaomeng |Zhu Liangtao |Fan Qianchan |Qing Na
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Chinese banks have reasons to be optimistic about venturing abroad.
Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest commercial lender by assets, reported that the pretax profit for its overseas institutions rose 19% to $4.4 billion last year, according to Zhang Weiwu, a senior executive vice president.
-
1 month ago | 
caixinglobal.com | Wu Xiaomeng |Han Wei
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Several Chinese banks have handed out loans to support selected tech firms’ merger-and-acquisition (M&A) deals under a newly launched pilot program to improve access to credit for innovative businesses.
-
2 months ago | 
caixinglobal.com | Wu Xiaomeng |Denise Jia
China is expanding its pilot program for financial asset investment companies (AICs), allowing more commercial banks to participate and bringing insurance funds into the fold. The move aims to strengthen equity investment in technological innovation and private enterprise development. The National Financial Regulatory Administration (NFRA) issued the new policy Wednesday, significantly broadening the scope of AIC investment. You've accessed an article available only to subscribers
-
2 months ago | 
caixinglobal.com | Wu Xiaomeng |Wu Yujian |Denise Jia
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
A sudden announcement from China’s top anti-corruption watchdog has reignited public interest in Jiang Chaoliang, a former provincial leader whose political downfall began during the early days of the Covid-19 pandemic.
On Feb. 21, China’s Central Commission for Discipline Inspection (CCDI) announced that Jiang, 67, was under investigation for serious disciplinary and legal violations.
-
2 months ago | 
caixinglobal.com | Wu Xiaomeng |Wu Yujian |Denise Jia
Personalised advertising and content, advertising and content measurement, audience research and services developmentStore and/or access information on a deviceYou can choose how your personal data is used.
-
2 months ago | 
caixinglobal.com | Wu Xiaomeng |Xia Yining |Denise Jia
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Chinese mainland citizens will soon be able to open foreign currency bank accounts at mainland branches of Hong Kong and Macau banks, though restrictions on opening offshore bank accounts remain unchanged.
The National Financial Regulatory Administration (NFRA) announced Wednesday that these branches will be allowed to issue bank cards to existing customers from March 1.
-
Jan 17, 2025 | 
caixinglobal.com | Zhu Liangtao |Fan Qianchan |Wu Xiaomeng
Explore the story in 3 minutesIn 2024, China's bank stocks surged as investors were attracted by the high dividends and low valuations in contrast to the broader sluggish economy and credit concerns. The banking sector showed remarkable growth, defying its previous status as a lackluster performer due to investors' focus on dividends, which are akin to corporate bonds given their low volatility and stable payouts [para. 1][para. 3][para. 4].
-
Jan 17, 2025 | 
caixinglobal.com | Zhu Liangtao |Fan Qianchan |Wu Xiaomeng
00:00/00:00
您的浏览器不支持 audio 标签。
Listen to this article
1x
Investors in China’s mainland stock market made a beeline for bank stocks last year, making the sector the market’s top performer despite the country’s sluggish economy, a slowdown in loan growth, and concerns about a deterioration in asset quality.
The reason? Dividends. Banks doled out cash payments to shareholders like confetti.
