China

If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.

And China urges lenders to extend support to advanced manufacturers, other industries.

Digital renminbi will test banks’ ability to address risks.

The central bank is willing to lend 60% of the required funds at a 1.75% rate.

By end-2021, HSBC will have 64 working in its China onshore private banking.

China's stance may be concerning today, but won't affect the global industry in the long run.

These banks face new capital and regulatory requirements.

Liu is tasked with strengthening the bank’s cross-border CIB platform in China.

Industries under the list are deemed off-limits for investments.

Tighter regulations will drive a wedge in the connection between banks and NBFIs.

The alliance, made up of 35 NGOs, noted the bank’s alleged lack of a public policy to reduce coal investments.

Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.

He Xingxiang is suspected for “severe discipline and law violations.”

A source said that BNP Paribas will hold a majority stake in the planned venture.

BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.

The PBOC has injected a net CN¥120b into the system for this week.