Notice: Trying to get property 'ID' of non-object in /var/www/asiafinancialcom/wp-content/plugins/co-authors-plus/php/integrations/amp.php on line 10
Banking

Banking

Former VP of China’s Biggest Bank Latest to Face Graft Probe

Beijing’s top anti-graft body said it was investigating Zhang Hongli, the former VP of the Industrial and Commercial Bank of…

1 month ago

China Asks Banks to Roll Over $13tn Local Debt at Lower Rates

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new…

2 months ago

Canadian AIIB Exec ‘Fled’ China After Quitting Over CCP Meddling

Headquartered in Beijing, and established by Chinese President Xi Jinping in 2016, the Asian Infrastructure Investment Bank has been touted…

6 months ago

Citigroup Vows to Expand China Business Amid De-Risking Trend

The US banking giant's pledge comes even as most foreign businesses have remained reluctant to commit to growing their China…

6 months ago

Indian Bank Rushes to Calm Users After Name Confusion With SVB

Over the weekend, India’s SVC Bank rushed to calm panicked depositors after they mistook it for the California based Silicon…

9 months ago

Chinese Start-Ups Hunt for ‘Friendly’ Banks to Park SVB Funds

"No other bankers in the US provide the level of services SVB used to offer," said an executive at a…

9 months ago

Asian Banks Test Trans-Border CBDC Transfers on Blockchain – Nikkei

Central banks from Hong Kong, Thailand, China and the UAE issued CBDCs worth $12m on BIS’ mBridge platform to test cross-border…

1 year ago

Rising Interest Rates Set to Boost Income at Asian Banks

Singapore banks are expected to see net interest margin expansions of 10 basis points on a quarter-to-quarter basis, the highest…

1 year ago

China’s Central Bank Injects Banks With Cash in Small Doses

China's central bank oversaw the tiniest daily cash infusion since January 2021, with just 2 billion yuan ($296 million) added…

1 year ago

Chinese Banks Probe Begins Disciplinary Action Over Fraud

The news from the banking regulator follows an announcement announcing a second round of repayment to depositors whose funds were…

1 year ago

HSBC Says China Unit Set Up Communist Party Committee

The move, which comes amid pressure from Chinese stakeholder Ping An to break up the group, occurred after the lender…

1 year ago

Scandal-Hit Chinese Banks’ Customers Win New Repayments

Financial regulators in Henan province said on Thursday that individuals with deposits of up to 100,000 yuan ($14,800) will be…

1 year ago