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china banks

  • Multiple Financial Executives Commit Suicide Amid China’s Financial Crisis
    Multiple Financial Executives Commit Suicide Amid China’s Financial Crisis
    In 2023, at least 96 Chinese financial executive have fallen from grace, and 38 people have been investigated in the five major state-owned banks.
    December 25, 2023BY Kane Zhang and Cindy Li
  • China’s Xi Is Cracking Down on Bankers, Financial System
    China’s Xi Is Cracking Down on Bankers, Financial System
    Since the start of 2023, dozens of senior banking executives in China have resigned or been under investigation. ...
    April 28, 2023BY Kane Zhang
  • Chinese Banking Fraud Victims Strive to Have Their Voices Heard
    Chinese Banking Fraud Victims Strive to Have Their Voices Heard
    Customers of Henan's rural banks are continuing to seek access to their bank deposits, which have been frozen ...
    April 4, 2023BY Mary Hong
  • Other China Banks Follow Hebei in Imposing Checks on Large Cash Transactions
    Other China Banks Follow Hebei in Imposing Checks on Large Cash Transactions
    Evidence shows that China's financial system seems to be "on shaky ground," according to a March 6 report ...
    October 3, 2020BY Frank Yue
  • Bank Run in Northeast China Part of a Trend
    Bank Run in Northeast China Part of a Trend
    A run on the Bank of Huludao in China’s Liaoning Province began on Monday, Aug. 3, a day ...
    August 7, 2020BY Zhang Yujie
  • China Unexpectedly Cuts Reverse Repo Rate by Most in Five Years to Support Virus-Hit Economy
    China Unexpectedly Cuts Reverse Repo Rate by Most in Five Years to Support Virus-Hit Economy
    SHANGHAI—China's central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on March 30, ...
    March 30, 2020BY Reuters
  • China Cuts Benchmark Lending Rate as Economy Struggles to Shake Off Virus Shock
    China Cuts Benchmark Lending Rate as Economy Struggles to Shake Off Virus Shock
    SHANGHAI/TOKYO—China cut the benchmark lending rate on Feb. 20, as widely expected, as the authorities move to lower ...
    February 20, 2020BY Reuters
  • Global Banks’ Potential Faustian Pact for Chinese Market Access
    Global Banks’ Potential Faustian Pact for Chinese Market Access
    Commentary With the phase one trade deal with the United States signed and filed, China’s banking regulators have ...
    January 26, 2020BY Fan Yu
  • China’s New Bank Loans Hit Record in 2019, More Stimulus Expected
    China’s New Bank Loans Hit Record in 2019, More Stimulus Expected
    BEIJING—New bank lending in China hit a record of 16.81 trillion yuan ($2.44 trillion) in 2019 as the ...
    January 16, 2020BY Reuters
  • China’s Huishang Bank to Take Part in Baoshang’s Revamp: Sources
    China’s Huishang Bank to Take Part in Baoshang’s Revamp: Sources
    BEIJING—China's Huishang Bank will take over four branches of Baoshang Bank under a state-led reorganization of the Inner ...
    January 8, 2020BY Reuters
  • China Cuts Banks’ Reserve Ratios Again, Frees Up $115 Billion to Spur Economy
    China Cuts Banks’ Reserve Ratios Again, Frees Up $115 Billion to Spur Economy
    BEIJING—China's central bank said on Jan. 1 it was cutting the amount of cash that all banks must ...
    January 1, 2020BY Reuters
  • More Bank Runs Worry Chinese Regulators, Investors
    More Bank Runs Worry Chinese Regulators, Investors
    News Analysis Warning signs are flashing all over China’s banking sector. Chinese regulators have seized or bailed out ...
    December 1, 2019BY Fan Yu
  • China’s Probe of Rural Bank Chief Renews Worries Over Small Banks’ Health
    China’s Probe of Rural Bank Chief Renews Worries Over Small Banks’ Health
    BEIJING—China's anti-corruption watchdog said on Oct. 30 it is investigating the former chairman of a rural bank for ...
    October 30, 2019BY Reuters
  • China Needs to Change Way It Finances Economy, Think Tank Says
    China Needs to Change Way It Finances Economy, Think Tank Says
    HANGZHOU, China—China needs to develop a better system for financing small businesses that drive innovation in the economy ...
    September 23, 2019BY Reuters
  • Beijing Nationalizes Third Bank in Three Months
    Beijing Nationalizes Third Bank in Three Months
    A crisis of confidence has gripped China’s regional lenders, as Beijing moved to nationalize its third major financial ...
    August 10, 2019BY Fan Yu
  • Chinese State Media’s Rare Correction Reveals Panic as China’s Banks Face Trouble
    Chinese State Media’s Rare Correction Reveals Panic as China’s Banks Face Trouble
    A Chinese state media outlet recently published a correction to its previous report about several small and mid-sized ...
    June 4, 2019BY Nicole Hao
  • China Making Fresh Bid to Boost Loans to Small Firms as Economy Slows
    China Making Fresh Bid to Boost Loans to Small Firms as Economy Slows
    BEIJING— China's banking and insurance watchdog said on Oct. 30 that it will soon release new rules to ...
    October 30, 2018BY Reuters
  • Global Markets Feeling Effects of China’s Financial Crackdown
    Global Markets Feeling Effects of China’s Financial Crackdown
    China’s new emphasis to rein in its financial sector has been underway for more than three months. Its ...
    May 8, 2017BY Fan Yu
  • China’s One Belt, One Road is a Gamble for Banks
    China’s One Belt, One Road is a Gamble for Banks
    Whether China's ambitious One Belt, One Road project can succeed will have huge ramifications within the Chinese banking ...
    February 5, 2017BY Fan Yu
  • China’s Pension Reform Diverts More Money into Risky Assets
    China’s Pension Reform Diverts More Money into Risky Assets
    To boost returns and support a growing population of aging pensioners, China is embarking on a plan to ...
    November 20, 2016BY Fan Yu
  • Follow the Money: Chinese Banks on Course for Global Expansion
    Follow the Money: Chinese Banks on Course for Global Expansion
    Chinese banks are following their corporate and retail clients by expanding abroad, bucking a global banking industry trend ...
    October 9, 2016BY Fan Yu
  • Is China’s Corporate Debt Bubble Finally Popping?
    Is China’s Corporate Debt Bubble Finally Popping?
    One year after the mini-devaluation of the Chinese currency, China is getting desperate about its corporate debt situation ...
    August 8, 2016BY Valentin Schmid
  • Chinese Banks’ Bad Debt Masquerade to End Soon
    Chinese Banks’ Bad Debt Masquerade to End Soon
    Facing a challenging domestic and international economic environment, the banks’ underlying profits are deteriorating.
    May 1, 2016BY Fan Yu
TOP NEWS
  • House Passes Defense Policy Bill That Attaches SAVE America Act
    NEW By Jackson Richman
    House Passes Defense Policy Bill That Attaches SAVE America Act
  • Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
    NEW By Jack Phillips
    Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
  • US, Ukraine Sign Agreement for Drone Testing
    1hr By Jill McLaughlin
    US, Ukraine Sign Agreement for Drone Testing
  • White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
    2hr By Jack Phillips
    White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
  • Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
    2hr By Frank Fang
    Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
  • Ford Recalls Nearly 390,000 Vehicles for Potential Second-Row Seat Hazard
    3hr By Mary Prenon
    Ford Recalls Nearly 390,000 Vehicles for Potential Second-Row Seat Hazard
  • France Recorded 5,000 Excess Deaths During Heat Wave: Officials
    4hr By Zachary Stieber
    France Recorded 5,000 Excess Deaths During Heat Wave: Officials
  • Impact of Houthi Red Sea Blockade on Energy Markets: What to Know
    4hr By Guy Birchall
    Impact of Houthi Red Sea Blockade on Energy Markets: What to Know
  • Tropical Storm Bertha Heads Toward Landfall in Louisiana
    4hr By T.J. Muscaro
    Tropical Storm Bertha Heads Toward Landfall in Louisiana
  • Ukraine Recaptured 280 Square Miles of Territory So Far This Year, Says Outgoing Top General
    4hr By Victoria Friedman
    Ukraine Recaptured 280 Square Miles of Territory So Far This Year, Says Outgoing Top General
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