32 stories found
President Trump declined to specify whether he would sanction Chinese banks for purchasing Iranian crude, following earlier Treasury threats against global buyers of Tehran's oil.
US officials have signaled potential financial penalties against Chinese banking institutions that continue facilitating oil and trade payments between Beijing and Tehran.
Lenders across China are increasingly benchmarking bond yields against the nation's overnight funding cost, signaling a structural shift in domestic financial pricing driven by central bank reforms.
Chinese banks have begun to price new credit independently, breaking away from the established lending benchmark.
Chinese banks are reportedly reining in retail gold trading activities amidst market volatility.
Banks in China have provided detailed explanations regarding the various costs associated with obtaining financing.
Chinese banks, including China Merchants Bank, are increasingly deploying satellite technology to monitor clients' terrestrial assets. This high-tech approach aims to safeguard against rising credit risks and manage bad loans.
According to Bessent, Chinese banks have received warnings regarding the potential risk of secondary sanctions.
Chinese banks are being compelled to develop more creative solutions as a growing number of underwater mortgages put pressure on the country's financial system.
Chinese banks boost loans to tech sector as Beijing ramps up AI push Reuters
Chinese banks are reportedly shifting their strategies to nurture asset-light growth models, potentially indicating a move towards more capital-efficient operations.
As the conflict with Iran reaches its sixth month, Washington has intensified economic pressure by sanctioning foreign banks facilitating Iranian transactions and restricting port access. Meanwhile, Tehran continues to condemn the measures as state terrorism while seeking diplomatic avenues to ease mounting tensions.
The White House has ruled out diplomatic negotiations with Iran while signaling potential sanctions on Chinese financial institutions linked to Tehran, intensifying economic pressure across global markets.
Chinese commercial banks are now pricing corporate loans against a short-term interbank repo rate instead of the benchmark loan prime rate, a move that has drawn scrutiny from investors worried about the sector's already thin profitability.
An opinion piece highlights that seven of the world's ten largest banks are now headquartered in China, with twenty-two Chinese banks in the top 100, a development that the author suggests should be a concern for India, which has no banks close to this scale.
While China and Russia have largely shifted away from the US dollar for bilateral trade settlement, most transactions now in their own currencies, cross-border payment bottlenecks persist as Chinese banks manage exposure to sanctions.
Sources indicate that the People's Bank of China (PBOC) has instructed Chinese banks to increase lending in May to counter persistent credit weakness.
Wealth management products offered by Chinese banks have experienced a significant contraction, shrinking by an estimated $200 billion.
Several major Chinese banks have clawed back staff bonuses and cut salaries. This comes amidst a sluggish economic recovery and ongoing scrutiny of the financial sector by Beijing.
Chinese banks are expecting a significant boost in profits as approximately $8 trillion in deposits are set to be repriced.
Chinese banks are significantly increasing their lending to the technology sector, a move driven by Beijing's strategic initiative to accelerate its advancements in artificial intelligence.
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,...
Leading Chinese state-owned lenders, including ICBC, China Construction Bank, and Bank of China, reported robust first-half 2026 profits and announced dividend hikes. The results reflect stable credit demand and improved asset quality across the sector.
Financial institutions in China are piloting innovative token-based lending products specifically designed to provide capital and liquidity to emerging artificial intelligence companies.
China is accelerating efforts to internationalize the yuan by having domestic banks add new foreign currencies for direct settlement, aiming to bypass the US dollar in cross-border trade.
Acciona is reportedly exploring a potential operation with Chinese automaker Chery to further develop its Silence electric vehicle brand, with CEO Entrecanales acknowledging discussions with various interested parties, including Chinese banks.
Net borrowing by Chinese banks suggests that the liquidity glut in the financial system is beginning to ease.
Chinese banks have shown a rebound in the first quarter, attributed to an improvement in funding costs.
Chinese banks sold a record amount of foreign exchange to corporate clients during the month of March, indicating significant activity in the country's currency markets.
Chinese banks are actively implementing measures aimed at elevating the global standing and influence of the yuan currency.
The wealth management businesses of Chinese investment banks in Hong Kong are growing faster than those of international rivals, as a buoyant initial public offering (IPO) market and rising cross-border flows strengthen their competitive edge. “Chinese investment banks are seeing accelerated growth … because [their] base is smaller and the current market environment favours them,” said Wang Lei, CEO of Huatai Financial Holdings (Hong Kong), in an interview with the South China Morning Post,...
A new report details the top 10 most valuable banks globally in 2026, showing American and Chinese megabanks dominating the list, with an analysis of the standing of Indian banks.