Financial Services
About 20 mln UnionPay cards issued outside Chinese mainland in 20172018-02-14
About 20 million UnionPay cards were issued outside the Chinese mainland in 2017, taking the total number of cards issued overseas to about 90 million, the company said on Tuesday.
Chinese banks' bad loan ratio at 1.74 pct by 20172018-02-09
Chinese commercial banks'bad loan ratio held steady last year amid the government's strengthened efforts to rein in risks, data from the banking regulator showed Friday.
W020180209421284965739_副本.jpg BOC harnesses high-tech2018-02-09
Bank of China Ltd is exploring smarter ways to allocate financial resources
The digital payment battle in HK2018-02-06
For years, China's twin pillars of digital payment-billionaire Jack Ma Yun's Alipay and Tencent's WeChat Pay-have been branching out worldwide to chase the more than 130 million big-spending mainland holidaymakers who have become a common sight across the globe, including Hong Kong.
Benchmark interest rate is likely to remain unchanged2018-02-02
China is likely to leave its benchmark interest rate unchanged in the near future amid reasonable inflation rises and a stable yuan, even with the higher likelihood of a United States Federal Reserve interest rate rise next month, according to analysts.
China takes tougher line on financial risks2018-01-30
A century-old Chinese bank became the latest target of a tightening financial clean-up in the world's second largest economy.
China fines 12 banks over bill fraud case2018-01-29
China's banking regulator said Saturday it had fined 12 banks a total of 295 million yuan ($46.2 million) over a bill fraud case in the northwestern province of Gansu.
Capital flows likely to stay stable in 20182018-01-19
Cross-border capital flows are expected to remain stable this year given the relative positive external environment and strong economic fundamentals, a senior official with the nation's top foreign exchange regulator said on Thursday.
Two-way movements expected for RMB exchange rate: forex official2018-01-19
Two-way movement will be normal for the exchange rate of the Chinese yuan in the future given uncertainties in the global economic recovery and the monetary policies of major economies, according to a senior official with the country's top forex regulator Thursday.
Loopholes in third-party payment raise concern in China2018-01-17
About a year ago, a man surnamed Song, a programmer in Shenzhen, received a mysterious call and lost 280,000 yuan (43,460 U.S. dollars) via Alipay, one of China's most popular online payment platforms. This was odd as Song did not have a single penny in his Alipay account.
Facts & Figures: AIIB's two-year journey2018-01-17
Two years have passed since the Asian Infrastructure Investment Bank (AIIB) started operation, and the steady expansion of membership represents a vote of confidence in the new multilateral bank by the international community.
Slow money supply growth in China to become "new normal"2018-01-16
Analysts say slower growth in China's money supply will become common amid the country's deleveraging efforts.
Regulator targets bank quality, risks2018-01-15
China will deepen efforts to maintain market order in the banking industry to prevent financial risks and promote the high quality growth of banks, the sector's regulator said on Saturday.
Regulations target entrusted loan use2018-01-12
The China Banking Regulatory Commission has announced rules to further standardize the management of entrusted loans, strictly restricting the sources and uses of such funding.
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