China
CZBank Shanghai, XTransfer ink agreement for cross-border finance
CZBank Shanghai, XTransfer ink agreement for cross-border finance
The two will jointly offer cash management services to Chinese foreign trade enterprises.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
China Merchant Bank profit rebounds in Q2 on lower costs
Net profit grew 2.7% in Q2 from a 2.1% decline in Q1.
Chongqing Rural Commercial Bank’s profitability likely to be stable through 2026
The bank still faces high asset risk, although it has built up strong buffers.
Agricultural Bank of China may receive capital support in 2026
It is also expected to attract higher quality clients from smaller banks, says S&P.
APAC banks keep strong footing as equity prices hit record highs
Optimism persists despite several risks to credit conditions remaining elevated, said S&P.
Ping An Bank past the worst point for net profit growth: analysts
Net profit decline in Q2 was narrower than recorded in Q1.
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.
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