Financial Services
China publishes guidelines to develop inclusive finance in banks2017-05-27
China's banking regulator has released guidelines to prompt large and medium-sized banks to set up inclusive finance divisions, a move to increase loans for money-starved small firms, agriculture and poverty relief.
ABC loans Volkswagen 500 mln euros2017-05-26
The Agricultural Bank of China (ABC), one of the country's largest lenders, said Thursday it had issued a 500 million euro (560 million U.S. dollars) of loan to German car giant Volkswagen Group.
China Exim Bank to loan Fujian 350 bln yuan2017-05-25
The Export-Import Bank of China (China Exim Bank) said Wednesday it had reached a strategic cooperation agreement with southeast China's Fujian Province, pledging to loan it at least 350 billion yuan (51 billion U.S. dollars) during 2017-2021.
Chinese banks join global payments innovation to facilitate B&R construction2017-05-25
An additional 11 Chinese commercial banks have joined a global payments innovation (gpi) initiative to offer faster, more transparent and traceable cross-border payments for Chinese companies, a press conference announced Tuesday.
Banking associations of France, China sign MOU on banking partnership boost2017-05-24
The French Banking Federation(FBF)and the China Banking Association(CBA)have signed a memorandum of understanding(MOU)with an aim to boost partnership and coordination.
China's insurance industry solvent: regulator2017-05-23
China's insurance industry has kept its risks under control, with a sound solvency ratio, said the country's insurance regulator.
Banks use fintech to drive change, key report finds2017-05-23
The rapid development of financial technology has seen listed Chinese banks continue a major drive to transform their branches and reform their operations, according to the findings of a report issued on Monday by Ernst & Young.
China encourages insurance funds to invest in major projects2017-05-23
China's top insurance regulator said Monday insurance funds are expected to invest in major projects that will play a significant role in boosting the economy.
No need to panic over financial deleveraging: central bank newspaper2017-05-23
Despite jitters on the stock and bond markets, there is no need to panic over China's financial deleveraging, a central bank-affiliated newspaper said Monday.
China releases rules for due diligence on non-resident financial accounts2017-05-22
Chinese authorities Friday publicized detailed rules for financial institutions to conduct due diligence procedures on non-resident accounts in an effort to counter cross-border tax evasion.
Banking regulators vow to eliminate secondary risks2017-05-18
To strike a balance between financial stability, gradual deleveraging and stable economic growth, China's banking regulators have rolled out a slew of measures.
First private bank in China's rust belt starts operation2017-05-17
The first private bank in China's rust belt, an industrial area in the northeast, went into operation Tuesday.
Bankers to step up shared financing2017-05-16
Banks from emerging economies are boosting their presence in infrastructure activities under the Belt and Road Initiative, with bankers vowing on Monday to seek closer partnerships for project financing.
Insurers to extend coverage along Belt and Road2017-05-15
China has made major advances in building a community for the insurance industry in countries along the Belt and Road.
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