China

Deutsche Bank appoints new head of trade finance & lending in China

Daniel Qian is also head of structured trade & export finance.

Deutsche Bank appoints new head of trade finance & lending in China

Daniel Qian is also head of structured trade & export finance.

China’s $1.3t domestic debt hurtles to maturity as defaults surge: report

The huge debt, unprecedented pace of defaults underscores local authorities’ conflicting goals.

Global banks on a hiring craze as they vie for rich Asians’ assets

HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.

China injects $15.5b cash into the financial system to maintain liquidity: report

The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”

Chart of the Week: Card payments in China to rebound 21.3% in 2021

Card payments are set to rise as economic activities gathers pace.

Goldman Sachs ramps up China ambitions with hiring spree: report

It is planning to add over 400 new people in its headcount in 2021 alone.

HSG shares insights on modelling core banking IT for the digital economy

Sisi Yu gives us a glimpse of how banks can achieve higher performance through improved services.

China’s digital currency fails to excite locals: report

Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.

Banks in China, Japan still APAC’s largest lenders: S&P

S&P’s list of the region’s 50 largest banks saw 6 Chinese and 4 Japanese banks up top, whilst Australian banks slid down.

Chinese neobank MYbank aims to be active in 2,000 rural counties by 2025

The bank said that it has served over 35.07 million SMEs in 2020.

Ant Group’s valuation might fall to $29b amidst regulatory scrutiny: analyst

Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.

DBS to acquire 13% stake in Shenzhen Rural Commercial Bank for $810m

It will become SZRCB’s largest shareholder upon the deal’s completion.

MUFG China appoints new deputy president

Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.

China's central bank urges banks to curb loan growth for rest of 2021: report

The surge in lending during the first two months of the year stoked bubble risks.

China’s central bank urges banks to curb loan growth for rest of 2021: report

The surge in lending during the first two months of the year stoked bubble risks.

New regulations imperil China's online microlenders

Additional schemes could stifle growth of cross-provincial borrowing. China’s leading non-banking financial firms face the risk of antitrust investigations and forced divestitures once the country’s new regulations come into play, also potentially hindering cross-provincial lending, consumer borrowing, and the growth of the country’s online microlenders.