Chinese banks approve 1.4 trillion yuan in financing support for 'white list' property projects

China's commercial banks have approved 5,392 "white list" projects in the real estate sector, according to the National Financial Regulatory Administration.

August 23, 2024

Financial services enhanced to support economy

Financial institutions are providing stronger support to the real economy by increasing the supply of more targeted and efficient services for major strategies, key fields, and weak areas, said Xiao Yuanqi, vice minister of the National Financial Regulatory Administration, at a press briefing Wednesday.

August 22, 2024

Official: China's commercial bank profits still reasonable

The profit level of China's commercial banks remains in a reasonable range, an official of the National Financial Regulatory Administration said on Wednesday.

August 22, 2024

Financial regulator to enhance risk control

The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel high-quality development of the financial sector, officials from the financial watchdog said at a news conference in Beijing on Wednesday.

August 22, 2024

Regulator: China's banking sector assets growing steadily

China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday.

August 22, 2024