China’s top auditor is conducting a review of the $3 trillion trust industry, paving the way for a potential overhaul of a key shadow banking sector where losses on property loans are mounti... Read more
Chinese banks’ issuance of securities backed by home mortgages has plunged, as the crisis in the nation’s property sector drags down a once-popular and relatively safe investment tool, repor... Read more
The Chinese government is injecting RMB 320 billion ($47 billion) in public funds into small and midsized banks in a bid to help regional lenders reeling from the economic slowdown, reports... Read more
China’s central bank drained cash from the banking system for a seventh straight day as market rates plummeted amid ample liquidity, reports Bloomberg. The People’s Bank of China withdrew a... Read more
XTransfer, which facilitates cross-border payments for small businesses in China, said it is moving into wealth management and lending for clients underserved by traditional banking, reports... Read more
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