Hundreds of thousands of homebuyers stopped making payments on mortgages involving more than 200 property projects last week.
July 18, 2022State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
April 5, 2022In a notice, the CBIRC points to regulatory violations by Ping An Bank in its credit card sales practices which violated the rights and interests of consumers.
May 17, 2021Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.
March 8, 2021HNA Group has entered bankruptcy on the demand of creditors including Ping An Bank, Bank of Hainan, and Chang'an Bank.
February 4, 2021China Construction Bank, Bank of China and Ping An Bank have reportedly halted mortgage lending in Shenzhen, having depleted their 2019 quotas.
November 27, 2019CBIRC spot checks have revealed that small businesses were forced to buy in-house insurance products as conditions for obtaining financing at Beijing branches of the two banks.
November 20, 2019The current and former Shanghai chiefs of Ping An Bank and the Suzhou branch head of China Guangfa Bank are assisting in an anti-graft probe linked to former CSRC chairman Liu Shiyu.
October 23, 2019The move follows the PBOC's suspension of traders earlier this week for "abnormal" trades which put the overnight repo rate far below normal market rates.
July 11, 2019The trades involved overnight bond repo transactions in the interbank market at prices below normal market rates.
July 9, 2019