China

China investment banks report dismal fees as IPOs and M&As fall to decade low

Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
10 hours ago

China investment banks report dismal fees as IPOs and M&As fall to decade low

Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
10 hours ago

ICBC planning $5.5b loss absorbing bonds sale: report

The world’s largest bank by assets is likely to issue CNY20b.
10 hours ago

Ant Group seeks to boost foreign payment accessibility in China

The group plans to expand bilingual support, amongst other enhancements.
1 day ago

Lower interest rates and property woes weigh on Bank of China’s profits

Net interest margin fell, although at a lower decline than other Chinese megabanks.

China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth

The bank is bracing for a margin squeeze and guided for tepid fee income.

Mandated property lending poses challenges for Agricultural Bank of China

ABC also faces a moderate decline in profits following recent rate cuts.

Tighter interest margins and rising bad loans weigh on CCB

The non-performing asset ratio is expected to rise to 4.48% in 2024.

Ping An Bank with enough capital for proposed higher dividends: analyst

The China-based bank has proposed to pay a 30% dividend in 2023.

Mastercard and Alipay enable real-time remittance in over 180 markets

Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.

Citi appoints Lin Hai as head of China commercial bank business

Lin was most recently head of corporate sales & solutions for China and HK.

Ant Group raises transaction limits in China for foreign users 

Ten partner wallets can now enjoy the increased limits.

China raises annual mobile payment limit of foreign visitors to $50,000

The single transaction limit has also been raised to $5,000.

Loan rate cut weighs on Chinese banks’ interest margins, profits 

China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.