China

Chinese banks defy Vanke contagion as S&P forecasts 4% growth

Chinese banks defy Vanke contagion as S&P forecasts 4% growth

Weak-loan ratios are currently performing better than the agency had previously anticipated.
2 days ago

HSBC China takes wealth management to new heights

Its wealth centres, comprehensive solutions, and digital tools are at the core of its strategy. 
4 days ago

Apple Pay opens China Visa cards as NFC hits 79%

The rollout starts with ICBC BOC ABC BoCom CMB CITIC Ping An and Industrial Bank.

CITIC leads China investment banking fees as market hits 3-year high

It retained its position as the top financial institution in terms of IB fees raised.

China investment banking rebounds to $15.4b fees

Government-backed deals drive $474 billion China M&A boom

PAObank assets more than double, gets $64.2m capital

PAObank chief executive Ronald Iu said the capital injection reflects shareholder support.

CITIC Bank to maintain stable profits and capital but at risk from bad loans

Asset quality should remain stable in 2026 and even through mid-2027.

Industrial Bank outlook steady as profitability holds near 2024 levels

NIM narrowing is expected to slow in the next 12-18 months.

Tencent’s TenPay Global opens WeChat mini programs to overseas wallets

Visitors from other countries may now use their homegrown wallets inside Mainland China.

ICBC to meet increased capital req’s after G-SIB upgrade: S&P

Its 21.52% TLAC already exceeds the new minimum requirement

China Zheshang Bank credit costs to stay elevated over next two years

Loans to the property sector and inclusive finance will remain problems.

HSBC China’s asset quality, profitability stable: Moody’s

The bank has a track record of sound asset quality, the ratings agency said.

Weak household demand causes 82.9% drop in new Chinese bank loans

This was blamed on weak household loan demand, particularly short-term loans.

China’s banks expand lending but struggle with weakening demand

UOB Kay Hian said banks remain cautious in extending long-term credit.

BEA marks 40 years in Shenzhen with new Futian flagship

The new branch offers banking and wealth management services.

Mainland tourists drive WeChat’s growth during National Day

Cross-border transactions in Weixin Pay increased by 21% year-on-year

Chinese banks lift bond holdings amidst weak credit demand

Total bond investments hit a 13.5% growth rate for 2021-2025.