Financial Services
China reports 1st forex settlement surplus in 7 months2019-02-23
China's commercial banks saw a net forex settlement surplus of 81.8 billion yuan, or 12.1 billion U.S. dollars, in January, official data showed.
Report says financing services for small firms improve2019-02-21
Chinese small and micro-sized enterprises received better financing service in the third quarter of last year as the government stepped up efforts to tackle financing difficulties for the real economy, a report showed.
'Big five' lenders eye wealth unit potential2019-02-19
Large State-owned commercial banks are likely to take the lead in setting up independent subsidiaries focusing on wealth management business, analysts said.
Digital lending moves to ease financing woes2019-02-19
China should build technological capabilities and explore digital lending options to address the financing problems of micro and small enterprises, experts said.
China's capital market to see record-high foreign investment in 2019: report2019-02-19
China will attract a large pour of foreign investment in 2019, as the country keeps widening foreign access to its capital market, China Securities News reported Monday.
Funds, debt measures likely to aid firms more2019-02-18
Analysts say new policies will continue to broaden financial channels for small and private companies this year, as policymakers look to balance responsible lending with the need to guide adequate funds into dynamic parts of the real economy.
China's biggest lender approved to set up wealth management unit2019-02-18
China's banking and insurance regulator has given the country's largest lender the go-ahead to set up a wealth management subsidiary.
Rural financial institutions expanding in China2019-02-18
China saw fast expansion of rural financial institutions last year as the country channels more financial resources to serve the countryside.
Chinese banks named top banking brands2019-02-11
Chinese banks' global brand presence continues to consolidate as four Chinese banks led by the Industrial and Commercial Bank of China (ICBC) are named the four most valuable banking brands this year.
Banks target asset management2019-02-11
A broader range of asset management activities are set to become integral to Chinese banks, following new rules.
China's inter-bank payment system passes severe test on Lunar New Year's eve2019-02-06
China's inter-bank payment and settlement system passed a tough test on Lunar New Year's eve as the Chinese zealously snatched lucky money in virtual red envelopes for good fortune.
China's insurers collect more premium income in 20182019-02-03
China's insurance industry saw a stable increase in premium income in 2018 amid tightened regulations aimed at defusing financial risks, official data showed.
Property loan growth slows in China in 20182019-01-28
China's outstanding yuan-denominated loans to the property sector grew at a slower pace in 2018 as government curbs continued, data from the central bank showed.
Insurance a growing trend among middle-income group2019-01-25
Wealthy consumers in the Yangtze River Delta region are setting aside more cash for their insurance plans, as China's leading internet players are becoming increasingly involved in online insurance, according to Beijing-based 21 JD Big Data Institute.
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