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Zhongyuan Bank Issues $299 Million of Renminbi Bonds in China
06:00 AM EDT, 06/10/2022 (MT Newswires) -- Zhongyuan Bank (HKG:1216) raised 2 billion yuan ($299 million) from issuing renminbi bonds in China's interbank debt market on June 9. The local currency bo
Zhongyuan Bank Shareholders to Vote June 27 on Proposed Sale of Special Financial Bonds
03:28 AM EDT, 06/08/2022 (MT Newswires) -- Shareholders of Zhongyuan Bank (HKG:1216) will meet on June 27 to vote on the company's proposed issuance of three series of special financial bonds totaling
Zhongyuan Bank Raises $442 Million from Renminbi Bond Offering
04:30 AM EDT, 05/13/2022 (MT Newswires) -- Zhongyuan Bank (HKG:1216) raised 3 billion yuan ($442.3 million) from issuing renminbi bonds in China's interbank debt market on May 12. The bonds will pay
Zhongyuan Bank Raises Over $722 Million from Private Placement in Hong kong
06:45 AM EDT, 05/10/2022 (MT Newswires) -- Zhongyuan Bank (HKG:1216) raised HK$5.67 billion ($722.3 million) from its recently concluded private placement in Hong Kong of 3.15 billion shares at HK$1.8
Despite delivering investors losses of 57% over the past 3 years, Zhongyuan Bank (HKG:1216) has been growing its earnings
Zhongyuan Bank Co., Ltd. (HKG:1216) shareholders should be happy to see the share price up 11% in the last month. Meanwhile over the last three years the stock has dropped hard. Tragically, the s
Central Plains Bank: annual results announcement for the year ended December 31, 2021
Central Plains Bank: notice of board meeting
Huiyubo Huabao will continue to increase the capital adequacy ratio of mainland commercial banks in the next two years.
Fitch Bohua, a subsidiary of Fitch rating, pointed out in a report that since last year, the Chinese government and regulators have issued and implemented a number of support and regulatory policies on the capital of commercial banks, including the issuance of local government special bonds to replenish the capital of commercial banks. The effective implementation of relevant supporting policies and new regulatory regulations will help China's banking industry stabilize and rise in the post-epidemic era, and the capital adequacy ratio and tier one capital ratio of commercial banks are expected to maintain an upward trend in the next two years. The core tier one capital adequacy ratio is expected to stabilize. As for the rapid upward trend of capital of state-owned banks, it may slow down under the new rules of Total loss Absorptive capacity (TLAC), shareholding system.
Tencent Cloud signs strategic cooperation with Central Plains Bank (01216.HK)
Tencent Cloud, owned by Tencent (00700.HK), has announced that it has signed a strategic cooperation with Central Plains Bank (01216.HK). The two sides will deeply integrate the advantages of business resources, focusing on jointly building financial infrastructure, jointly opening up banking business and creating an open banking ecology. Tencent Cloud will provide all-round technical support such as cloud computing, big data, artificial intelligence and block refining to assist Central Plains Bank in building an open bank cloud platform and a full-stack cloud platform. Based on Tencent Cloud's own artificial intelligence, private computing, security, audio and video capabilities, both sides will actively develop products and services such as virtual business hall, intelligent customer service, face recognition and reinsurance.
Bancassurance Superintendent: the Bank of China must solve the problems of individuals operating cards in different places and opening accounts of small and micro enterprises.
The China Banking and Insurance Regulatory Commission issued a circular pointing out that we should further optimize bank account opening services, earnestly solve the problems of "difficulties in handling cards" by the masses and "difficulties in opening accounts" for small and micro enterprises, and protect the legitimate rights and interests of financial consumers. The circular requires that when banks handle account opening business, they should take convenient service as the basic purpose, make full use of technical means, optimize the handling process, and continuously identify customers. Clarify the responsibilities of the front, middle and backstage departments, take differentiated service measures, and implement account classification and classification management. Reduce the need for customers to provide their own certification materials, so that the data "run more" and the masses "run less errands". The notice also requires that full consideration be given to migrant workers and flexible employment
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