China
Chinese banks to see only mild impact from tax on bond interest income
Chinese banks to see only mild impact from tax on bond interest income
The policy is also likely to increase the financing cost of banks for issuing new bonds.
3 days ago
Citi hires HSBC banker as head of China global banking network
Luen-Yuan Chu will head the corporate banking of international companies operating in China.
4 days ago
New bad loan formation remains a key risk for China Everbright Bank
The bank has adequate buffers, with reserves covering 174.4% of its NPLs.
Chinese yuan loans, deposits rose in H1 2025
Outstanding yuan loans grew 7.1% to $37.41t.
Chinese banks’ loan growth forecast lowered to 6% by 2028
Economic data likely indicates continued weak credit demand in the coming months.
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
HSBC Bank (China) Company Limited earns two wins at Asian Banking & Finance Retail Banking Awards 2025
The company was recognised for accelerating its growth and cementing leadership in wealth management.
JCB cardholders can now use cards to ride Shanghai, Beijing subway systems
It can be used in all 21 Shanghai subway lines and 29 Beijing subway lines.
Ping An Bank to maintain moderate profitability: Moody’s
Its write-offs and derisking of asset mix will keep asset quality stable.
Chongqing Rural Commercial Bank to hold steady through 2026
But formation of new bad loans remains a risk to its asset quality.
Alipay enables in-store payments using AR glasses in China
Users will confirm payments using their voice.
ANZ names Lachlan Halstead as country head for ANZ China
Halstead had formerly served as country head for ANZ Papua New Guinea.
Bank of Ningbo’s established regional presence supports profitability
It reportedly has a good local presence.
Chinese banks to weather trade-related strains: S&P
Regional banks in coastal provinces are likely to see greater pressure than megabanks.
Shenzhen Rural Commercial Bank’s returns to decline slightly through 2026
Net interest margin and loan pressures will weigh on the bank’s asset quality.
Citi to slash 3,500 jobs in China
Layoffs will affect its global tech solution centres in Shanghai and Dalian.
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1. DBS and UOB earnings to show impact of SORA, credit costs 2. ANZ rolls out home loan policy changes to aide self-employed Australians 3. DBS’ net profit flat in H1 despite higher tax expenses 4. Hong Kong banks lose top talent with drawn-out hiring steps 5. BRI’s asset quality deterioration have likely peaked: UOBKHResource Center
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