Financial Services
Mobile payment users exceed 520 million in China: Ant Financial2017-11-24
The number of China's mobile payment users has exceeded 520 million, according to Ant Financial, Alibaba's financial affiliate.
WeChat Pay digital wallet debuts in UK2017-11-24
In the middle of London's Camden Market, a trader from China hands red-bean cakes to a group of tourists from Sweden, as tattooed locals dressed in black leather weave their way between food stalls cooking up dishes, including barbecued meat and fish and chips.
UOB sets up new branch in Kunming2017-11-24
United Overseas Bank (China) Ltd, a wholly owned subsidiary of Singapore-based UOB, opened a branch in Kunming, Yunnan province, on Thursday in an effort to help Chinese companies expanding into Southeast Asia.
Foreign financial firms are ready for business2017-11-23
China's financial industry will become more competitive in the wake of the government's decision to further open up the sector to foreign competition.
PBOC move hits online lender's shares2017-11-23
Shares of online micro-loan lenders plunged on Wednesday after the People's Bank of China decided on Tuesday to stop issuing licences for new online micro-loan lending services.
UnionPay cards to be issued in Europe2017-11-21
UnionPay International, a subsidiary of China's UnionPay, the country's largest bank card payment processor, announced Monday that it has entered into strategic cooperation with the Portuguese bank, Banco Comercial Portugues (BCP).
CBRC tightens rules for commercial banks2017-11-20
China's top banking regulator has drafted a regulation on equity management for commercial banks to tighten controls on financial risk and combat illegal activities.
Mexico's Bancomext renews cooperation agreement with China Development Bank2017-11-20
Mexico's National Bank for Foreign Trade (Bancomext) and the China Development Bank (CDB) announced on Friday the renewal of a cooperation agreement to finance projects in Mexico.
Chinese banks see net forex purchase rise in October2017-11-17
Chinese banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed Thursday.
China to open up payment industry2017-11-17
China will open up its payment industry in a balanced and orderly way, Fan Yifei, deputy governor of the People's Bank of China (PBOC), said at a forum Thursday.
Chinese insurers' premium income up 21 pct2017-11-14
Premiums received by Chinese insurers have risen 21 percent in the first three quarters compared with the same period last year.
China to give foreign businesses better access to financial, auto industries2017-11-10
China will significantly ease market access to the financial sector, reduce tariffs on cars, and try out lifting foreign ownership restrictions in the new energy vehicle (NEV) industry, a senior diplomat said Thursday.
China establishes financial stability committee2017-11-09
China has set up a committee under the State Council to oversee financial stability and development, according to an official statement Wednesday.
Financial stability committee launched2017-11-09
A national committee for overseeing financial stability and development - a new Cabinet-level regulatory body - convened on Wednesday for its first plenary meeting.
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