China
Ping An Bank past the worst point for net profit growth: analysts
Ping An Bank past the worst point for net profit growth: analysts
Net profit decline in Q2 was narrower than recorded in Q1.
4 days ago
China’s credit and charge payments market to grow by 2.4% in 2025: GlobalData
Payment frequency for these cards stood at 55.3 times in 2025.
Ant, RayNeo to bring AR glasses payments cross-border with Alipay+
They plan to enable the use of AR glasses for in-store payments.
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.
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.
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.
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