China
Chinese banks’ loan growth forecast lowered to 6% by 2028
Chinese banks’ loan growth forecast lowered to 6% by 2028
Economic data likely indicates continued weak credit demand in the coming months.
3 hours ago
China and Egypt strengthen cooperation on settlements, CBDCs
They are enhancing cooperation in local currency settlement.
1 day ago
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.
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025.
China’s property market stabilisation is good news for lenders
But regional banks will still struggle, as recovery of lower-tier cities is still “lagging.”
China remains committed to supporting megabanks: analyst
The megabanks are expected to expand lending to support “national priorities.”
Chinese banks’ annual credit loses to average $353b in next two years
Nonperforming assets and bad debt are expected to rise.
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