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Established in 1908, Bank of Communications is one of the largest banks in the People’s Republic of China. It was listed in Hong Kong in 2005 and in Shanghai in 2007.
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Several bank officials say the crude oil derivative products effectively overstepped regulations that bar the country’s lenders from operating as commodities futures brokerages.
Several bank officials say the crude oil derivative products effectively overstepped regulations that bar the country’s lenders from operating as commodities futures brokerages.
Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.
Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.
Bank of China may shoulder part of US$1 billion in losses suffered by its retail clients in an investment product linked to oil prices amid public outcry.
Bank of China may shoulder part of US$1 billion in losses suffered by its retail clients in an investment product linked to oil prices amid public outcry.
China’s biggest lenders new investment in products tied to commodities futures after the collapse of oil prices burned investors at home and abroad.
China’s biggest lenders new investment in products tied to commodities futures after the collapse of oil prices burned investors at home and abroad.
More Chinese credit card borrowers may fall behind on repayments as coronavirus pandemic crushes income.
More Chinese credit card borrowers may fall behind on repayments as coronavirus pandemic crushes income.
Investors are being rattled because of a rarely used but very important detail in the WTI contract: anyone holding futures after they expire could be forced to take delivery of crude in the US oil hub of Cushing, Oklahoma. For the May contract, that expiration happened Tuesday night.
Investors are being rattled because of a rarely used but very important detail in the WTI contract: anyone holding futures after they expire could be forced to take delivery of crude in the US oil hub of Cushing, Oklahoma. For the May contract, that expiration happened Tuesday night.
Chinese banks are bracing for an unprecedented drop in profits this year as they grapple with the fallout of Covid-19.
Chinese banks are bracing for an unprecedented drop in profits this year as they grapple with the fallout of Covid-19.
Bank of Communication expects non-performing loan level this year to ‘rebound’ from 2019, as coronavirus hit borrowers’ financial health
Bank of Communication expects non-performing loan level this year to ‘rebound’ from 2019, as coronavirus hit borrowers’ financial health
The joint press conference, also attended by the State Administration of Foreign Exchange (SAFE) is the latest round of state support to prevent the world’s second-largest economy from going into a tailspin.
The joint press conference, also attended by the State Administration of Foreign Exchange (SAFE) is the latest round of state support to prevent the world’s second-largest economy from going into a tailspin.
Shares of China Merchants Bank, a blue-chip stock in Hong Kong, tumbled on Monday, with investors shying away from risky assets that could face further headwinds as the trade war between China and the US escalates once again.
Shares of China Merchants Bank, a blue-chip stock in Hong Kong, tumbled on Monday, with investors shying away from risky assets that could face further headwinds as the trade war between China and the US escalates once again.
Order triggers for the first time a provision that could cut off one of China’s largest banks from the US financial system.
Order triggers for the first time a provision that could cut off one of China’s largest banks from the US financial system.
The yuan is likely to drop below the level of seven yuan to a US dollar within three months, and the stock markets in mainland China and Hong Kong are gradually pricing in this scenario, Bank of Communications International said on Wednesday.
The yuan is likely to drop below the level of seven yuan to a US dollar within three months, and the stock markets in mainland China and Hong Kong are gradually pricing in this scenario, Bank of Communications International said on Wednesday.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
The fallout from a “window guidance” by the CBIRC on recognising non-performing loans at more than 60 days overdue will be minimal, as the country’s big state-owned lenders have been making more stringent provisions since last year, analysts have said.
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
About half of new loans issued by China’s big six banks last year went to individual property buyers, despite Beijing’s orders to lend to private companies.
Peng Chun will leave Bank of Communications to become the third chairman of China Investment Corporation since the sovereign wealth fund was founded
Peng Chun will leave Bank of Communications to become the third chairman of China Investment Corporation since the sovereign wealth fund was founded
China’s fifth biggest lender saw credit-card payments rise 44 per cent as Beijing makes life tougher for digital payment firms
China’s fifth biggest lender saw credit-card payments rise 44 per cent as Beijing makes life tougher for digital payment firms
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.
Two of the mainland's biggest banks reported sharply rising bad loans for the third quarter, with one adding that a credit crunch squeezing small companies in export-oriented eastern provinces might be spreading westwards.
Bank of Communications has shot back at a new constraint on bank deposits, calling the rule issued jointly by three mainland regulators an obstacle to growing deposits and saying banks would simply find a way around it.
Bank of Communications has shot back at a new constraint on bank deposits, calling the rule issued jointly by three mainland regulators an obstacle to growing deposits and saying banks would simply find a way around it.
Bank of Communications posted a 2 per cent drop in its net profit in the final three months of last year, the only one of the mainland's top five banks to miss market forecasts.
Bank of Communications posted a 2 per cent drop in its net profit in the final three months of last year, the only one of the mainland's top five banks to miss market forecasts.