Financial Services
Ping An uses advanced tech to reduce risks2018-08-17
Utilizing advanced technologies is strengthening Ping An Bank Co Ltd's ability to deal with non-performing assets, amid a shift toward retail banking that could raise its bad loan risks.
China's commercial banks earnings rise in H12018-08-14
China's commercial banks saw fast profit growth during the first half of this year, official data showed.
China's inclusive finance develops steadily2018-08-14
China's inclusive finance services developed steadily last year, supporting rural development, small businesses and poverty relief, according to a new central bank report.
China's new yuan loans rise in July2018-08-14
China's new yuan-denominated loans stood at 1.45 trillion yuan (211 billion U.S. dollars) in July, up 627.8 billion yuan year on year, central bank data showed Monday.
China punishes third-party payment companies for violating service rules2018-08-07
China's central bank confiscated the illegal gains of and levied fines on three companies for violating regulations on payment services, the People's Bank of China (PBOC) said Monday.
Curbs vowed for peer-to-peer lending risks2018-08-07
China will reduce the risks of internet finance and peer-to-peer lending with steady progress as the shakeout in the nation's $192 billion P2P lending industry accelerates at a rapid clip.
Rural NPLs rise, but are not a scare2018-08-06
Credit risk of rural commercial banks is under control, despite a surge in nonperforming loans or NPLs at certain banks, experts said. Some of last year's surges in NPL ratios of a small number of rural commercial banks came to light this year, with credit ratings of at least six of them cut, according to their disclosures and ratings agencies.
China's shadow banking business declines2018-07-23
China's shadow banking has declined sharply since the beginning of the year due to stricter supervision.
China's property loans to individuals see slower growth2018-07-23
China's property loans to individual purchasers grew at a slower pace in the second quarter as government restrictions remain in place in major cities, data from the central bank showed.
Regulator issues detailed rules on wealth management of banks2018-07-20
The Chinese banking regulator on Friday published draft rules on wealth management services of banks to better regulate the rapidly-growing but sometimes risky business.
More than half billion Chinese pay by mobile phones: report2018-07-19
China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report.
ICBC London celebrates landmark green bond issuance2018-07-17
The London branch of China's major bank ICBC on Monday rang the bell in the Market Open ceremony at the London Stock Exchange (LSE) to celebrate the Bank's dual-currency multi-tranche green bond issuance.
China's insurance sector provides stable risk protection in first five months2018-07-16
China's insurance sector provided risk protection worth 3115 trillion yuan(467 trillion U.S.dollars)for the whole of society in the first five months, the China Banking and Insurance Regulatory Commission has said.
P2P firms in dock as scrutiny tightens2018-07-13
Tighter scrutiny by financial regulators could lead to another shakeout in China's fiercely competitive peer-to-peer (P2P) lending sector and delay the issuing of formal business licenses by a year or two, experts said.
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