Bank of China

The move marks the first time a major state-owned lender has been explicitly called out for tax evasion in recent years

At least half a dozen lenders have increased their number of special asset bankers

Despite rising bad loans from developers and consumers, the banks report steady non-performing loan (NPL) ratios

The country is in the grip of an extended slowdown in loan growth that started in early 2023 and showed no letup in 2025

Net income rose to 60.1 billion yuan

Overall, the 5 biggest banks set aside allowances for losses on loans of 3.5 trillion yuan in the first half

This project adds to the company’s expanding pipeline of green-certified developments

[BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two sources with knowledge of the matter said.

The country’s prolonged property crisis, deflationary pressure and worries about unemployment are weighing on confidence among households