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china banks
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, 2023
BY
Kane Zhang
and
Cindy Li
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, 2023
BY
Kane Zhang
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, 2023
BY
Mary Hong
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, 2020
BY
Frank Yue
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, 2020
BY
Zhang Yujie
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, 2020
BY
Reuters
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, 2020
BY
Reuters
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, 2020
BY
Fan Yu
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, 2020
BY
Reuters
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, 2020
BY
Reuters
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, 2020
BY
Reuters
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, 2019
BY
Fan Yu
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, 2019
BY
Reuters
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, 2019
BY
Reuters
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, 2019
BY
Fan Yu
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, 2019
BY
Nicole Hao
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, 2018
BY
Reuters
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, 2017
BY
Fan Yu
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, 2017
BY
Fan Yu
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, 2016
BY
Fan Yu
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, 2016
BY
Fan Yu
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, 2016
BY
Valentin Schmid
Chinese Banks’ Bad Debt Masquerade to End Soon
Facing a challenging domestic and international economic environment, the banks’ underlying profits are deteriorating.
May 1, 2016
BY
Fan Yu
TOP NEWS
House Passes Defense Policy Bill That Attaches SAVE America Act
NEW
By
Jackson Richman
Allergy Medication Recalled Over Possible ‘Life-Threatening’ Risks
NEW
By
Jack Phillips
US, Ukraine Sign Agreement for Drone Testing
1hr
By
Jill McLaughlin
White House Says NJ Noncitizen Voter Error Suggests Need for SAVE America Act
2hr
By
Jack Phillips
Doctor Urges Medical Community to Take Action Against China’s Forced Organ Harvesting
2hr
By
Frank Fang
Ford Recalls Nearly 390,000 Vehicles for Potential Second-Row Seat Hazard
3hr
By
Mary Prenon
France Recorded 5,000 Excess Deaths During Heat Wave: Officials
4hr
By
Zachary Stieber
Impact of Houthi Red Sea Blockade on Energy Markets: What to Know
4hr
By
Guy Birchall
Tropical Storm Bertha Heads Toward Landfall in Louisiana
4hr
By
T.J. Muscaro
Ukraine Recaptured 280 Square Miles of Territory So Far This Year, Says Outgoing Top General
4hr
By
Victoria Friedman