Yahoo Web Search

Search results

1. • • The National Financial Regulatory Administration has fined China CITIC Bank, a joint-stock commercial lender, more than 224.75 million yuan ($31.46 million), according to the financial watchdog on Friday.
     global.chinadaily.com.cn/a/202312/02/WS656a830aa31090682a5f10f8.html

     Financial watchdog fines China CITIC Bank over $31m

2. People also ask

   What's new with China CITIC Bank?

   • What’s new: China Citic Bank Corp. Ltd. has been fined over 220 million yuan ($31 million) for 56 violations, the country’s top financial regulator announced on Friday.

   Beleaguered China Citic Fined For Dozens of Banking Violations

   www.caixinglobal.com/2023-12-02/beleaguered-china-citic-fined-for-dozens-of-banking-violations-102142299.html

   See all results for this question

   Who is China CITIC financial asset management?

   • Late on Wednesday, it renamed itself “China CITIC Financial Asset Management” after its top shareholder, state-owned financial conglomerate CITIC group. The latter has held a 26.5% stake since a $6.6 billion government-orchestrated bailout of Huarong in 2021.

   China moves to clean up Huarong’s “bad bank” brand | Reuters

   www.reuters.com/breakingviews/china-moves-clean-up-huarongs-bad-bank-brand-2023-11-16/

   See all results for this question

   Which Chinese banks are reassuring their exposure to Evergrande?

   • To calm the market and in an unusual move, Chinese lenders including China Minsheng Bank (600016.SS), China Zheshang Bank (2016.HK) and China Everbright Bank (601818.SS) have been publicly reassuring and voluntarily disclosing their exposure to Evergrande and the property sector.

   Alarmed by Evergrande, China's lenders hold back on new credit for pro…

   www.reuters.com/business/alarmed-by-evergrande-chinas-lenders-hold-back-new-credit-property-developers-2021-09-24/

   See all results for this question

   What is CITIC Bank penalty?

   • The penalty includes a 152.4 million yuan fine slapped on the head office of Citic Bank and 67.7 million yuan in fines that the bank’s branches have to pay, according to a statement from the national administration of financial regulation (NAFR). Copyright © 2021 Caixin Global Limited. All Rights Reserved.

   Beleaguered China Citic Fined For Dozens of Banking Violations

   www.caixinglobal.com/2023-12-02/beleaguered-china-citic-fined-for-dozens-of-banking-violations-102142299.html

   See all results for this question

   Will China's financial system go into shock?

   • Evergrande's (3333.HK) problems will pile pressure on peers to access funding, and analysts have warned that if property developers are unable to pay investors, suppliers and lenders China's financial system could go into shock.

   Alarmed by Evergrande, China's lenders hold back on new credit for pro…

   www.reuters.com/business/alarmed-by-evergrande-chinas-lenders-hold-back-new-credit-property-developers-2021-09-24/

   See all results for this question

   Why do Chinese banks re-securitise bad loans?

   • "Securitisation has become a regular tool for Chinese banks to dispose of bad loans. It's efficient, flexible, and regulators are giving relatively faster approvals for such products," said Kan Zhou, head of structured finance ratings at S&P Global (China) Ratings.

   China banks step up sales of bad loans as consumer defaults rise

   www.reuters.com/world/china/china-banks-step-up-sales-bad-loans-consumer-defaults-rise-2023-12-18/

   See all results for this question

3. Top stories

   • 

     Reuters on MSN.com

     China central bank conducts first operations under swap facility to bolster stock market

     2 weeks ago

   • 阿思達克財經網

     CITIC BANK Receives Notice from SSE to Suspend Review Process of Placing Shrs to Existing A Shareholders

     CITIC BANK Receives Notice from SSE to Suspend Review Process of Placing Shrs to Existing A Shareholders CN Refreshes Weighted Average Interest Rate for Commercial Personal Housing Loans at 3.33%

     3 days ago

   • 中国日报网

     CITIC Bank Q3 net profit doubles

     China CITIC Bank Corp Ltd said third quarter net profit rose 97.55 percent year-on-year to 4.034 billion yuan ($588.91 million) under Chinese accounting standards due to strong growth in net interest and fee income.

     2 weeks ago

   • Reuters

     China c.bank conducts first operations under swap facility to bolster stock market

     2 weeks ago

   View all

4. www.caixinglobal.com › 2024/07/24 › graft-watchdogGraft Watchdog Probes More Executives at China’s Biggest Bank

   www.caixinglobal.com › 2024/07/24 › graft-watchdog

   Jul 24, 2024 · At least three senior executives at local branches of Industrial and Commercial Bank of China Ltd. (ICBC) (601398.SH) (中国工商银行股份有限公司) have recently been placed under investigation for suspected corruption, as the government presses on with its anti-graft campaign in the financial sector.

   • Beleaguered China Citic Fined For Dozens of Banking Violations

     What’s new: China Citic Bank Corp. Ltd. has been fined over...

5. www.chinadaily.com.cn › a › 202312Financial watchdog fines China CITIC Bank over $31m - China Daily

   www.chinadaily.com.cn › a › 202312

   • Cached

   Dec 2, 2023 · The National Financial Regulatory Administration has fined China CITIC Bank, a joint-stock commercial lender, more than 224.75 million yuan ($31.46 million), according to the financial watchdog on Friday.

6. global.chinadaily.com.cn › a › 202312Financial watchdog fines China CITIC Bank over $31m

   global.chinadaily.com.cn › a › 202312

   • Cached

   Dec 2, 2023 · The National Financial Regulatory Administration has fined China CITIC Bank, a joint-stock commercial lender, more than 224.75 million yuan ($31.46 million), according to the financial watchdog on Friday.

7. www.reuters.com › world › chinaChina banks step up sales of bad loans as consumer defaults ...

   www.reuters.com › world › china

   Dec 18, 2023 · China Citic Bank (601998.SS), was on Monday selling securities backed by consumer loans, while China Construction Bank (601939.SS) plans to issue mortgage-backed ABS on Tuesday. China...

8. www.reuters.com › breakingviews › china-moves-cleanChina moves to clean up Huarong’s “bad bank” brand | Reuters

   www.reuters.com › breakingviews › china-moves-clean

   Nov 16, 2023 · Late on Wednesday, it renamed, opens new tab itself “China CITIC Financial Asset Management” after its top shareholder, state-owned financial conglomerate CITIC group.

9. Videos

   • 

     2:27

     bloomberg.com

     China Investigates Citic Securities

     27 Jan 2016

   • 

     11:00

     youtube.com

     The Chinese Banking Crisis Explained

     29 Jun 2016

     312.6K views

   • 

     2:46

     youtube.com

     China Is Said to Ask Citic to Examine Huarong Finances

     28 Jun 2021

     3.2K views

   View all

10. www.caixinglobal.com › 2023/12/02 › beleagueredBeleaguered China Citic Fined For Dozens of Banking Violations

    www.caixinglobal.com › 2023/12/02 › beleaguered

    Dec 2, 2023 · What’s new: China Citic Bank Corp. Ltd. has been fined over 220 million yuan ($31 million) for 56 violations, the country’s top financial regulator announced on Friday.

11. www.reuters.com › business › alarmed-by-evergrandeAlarmed by Evergrande, China's lenders hold back on new ...

    www.reuters.com › business › alarmed-by-evergrande

    Sep 24, 2021 · Alarmed by what has happened to Evergrande, bankers at one Shanghai branch of China CITIC Bank Corp (601998.SS) started scrutinizing loans to developers, reviewing their accounts and...