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04.08.26 - 04:00
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PRINX CHENGSHAN Secures Financing of RMB1.36 billion and USD15 million (AAStocks)
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PRINX CHENGSHAN (01809.HK) announced that its subsidiary, Prinx Tyre (Malaysia), as borrower, entered into a financing agreement yesterday (3rd) with BANK OF CHINA (HONG KONG) and multiple lenders, involving financing of RMB1.36 billion and USD15 million. The term is five years from the agreement date, and the proceeds are expec......
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28.07.26 - 05:15
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Research: BofAS Ratings, TPs on H-Share CN Banks (Table) (AAStocks)
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BofA Securities issued a research report listing the investment ratings and target prices for Chinese bank stocks as follows:Stock|Investment Rating|TPABC (01288.HK)|Neutral->Buy|HKD6.06->HKD6.29 BANK OF CHINA (03988.HK)|Neutral|HKD5.21->HKD5.39 BANKCOMM (03328.HK)|Neutral|HKD7->HKD6.96 CCB (00939.HK)|Buy|HKD9.69->......
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22.07.26 - 10:06
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Mitigram Acquires eexpand to Strengthen Trade Finance Capabilities for Financial Institutions and SMEs (Cision)
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STOCKHOLM, 22 July 2026 - Mitigram, a global platform for digital trade finance, today announced the acquisition of Export Enterprises SA – which operates eexpand – a trade intelligence platform supporting banks, corporates and trade organizations in international trade.
Founded in 1989 and headquartered in Paris, France, eexpand serves more than 50 financial institutions including Lloyds Bank, Santander, Bank of China and Royal Bank of Canada, and supports a global network of over 700,000 registered businesses.
The acquisition builds on an established relationship between the two...
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22.07.26 - 08:06
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China-dominated central bank digital currency platform touts largest transactions to date (SCMP)
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A leading Chinese bank has processed the largest cross-border transactions yet via mBridge, a multilateral central bank digital currency (CBDC) platform, marking a major milestone for the emerging payment network as well as Beijing's global yuan ambitions.
Two transactions, worth more than US$1.7 billion each, were carried out by the Bank of China's Shenzhen and Fujian branches in June and July, respectively. They showed mBridge's ability to support high-value cross-border settlements across......
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20.07.26 - 03:30
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CN Jul 1-Yr and 5-Yr LPRs Unchanged at 3% and 3.5%, In Line (AAStocks)
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The People's Bank of China announced this morning (20th) that China's July one-year and five-year Loan Prime Rates (LPRs) were kept unchanged at 3% and 3.5% respectively, in line, marking the 14th consecutive month of no change.~AASTOCKS Financial NewsWebsite: www.aastocks.com...
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17.07.26 - 09:06
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China and UAE cross-border QR payment link to boost the global yuan (SCMP)
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In the latest move to bypass Western-dominated financial systems and step up the internationalisation of the yuan, China is linking its retail payment networks with the United Arab Emirates.
Users will soon be able to use domestic mobile apps to scan QR codes and make payments in either country, under a recent agreement between state-owned Bank of China (BOC), UnionPay International, and the UAE central bank's subsidiary Al Etihad Payments.
“The partnership would help expand the scope of......
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14.07.26 - 01:30
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Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound (SCMP)
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Hong Kong banks are raising mortgage cash rebates to their highest levels in more than two years as they compete for a growing pool of homebuyers, betting generous incentives will help them win customers even as uncertainty over US interest rate hikes lingers.
Major lenders including Bank of China (Hong Kong), Hang Seng Bank and HSBC have increased cash rebates on selected mortgages to as much as 1.4 per cent, up from around 1.2 per cent. Some smaller banks had gone further, offering up to 1.5......
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25.06.26 - 11:00
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Bank of China used disguised mutual funds to avoid paying US$348m in taxes, audit finds (SCMP)
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China's top auditor has accused one of the country's biggest state-owned banks of exploiting investment fund structures to evade billions of yuan in taxes, as Beijing steps up efforts to strengthen financial compliance.
Bank of China evaded 2.37 billion yuan (US$348 million) in taxes by misusing preferential treatment intended for publicly offered mutual funds between April 2023 and August 2025, according to the National Audit Office's annual report released on Tuesday.
The bank channelled......
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25.06.26 - 07:06
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Major Chinese banks suspend individual trading on Shanghai Gold Exchange amid volatility (SCMP)
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Chinese banks are accelerating efforts to scale back retail trading of precious metals, with the price of gold below US$4,000 an ounce for the first time since November, highlighting growing volatility in a market that has lost nearly 30 per cent of its value since peaking earlier this year.
Industrial and Commercial Bank of China (ICBC) said on Wednesday it would stop offering individual trading in precious metals linked to the Shanghai Gold Exchange from July 24.
The move follows similar......
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