Financial Services
HSBC to be first foreign company to list in China2018-10-19
Investor excitement over the much-anticipated plan to connect London and Shanghai's stock markets gathered pace again on Thursday as HSBC grabbed headlines for potentially becoming the new scheme's first offering.
China's new yuan loans expand in September2018-10-17
China's new yuan-denominated loans stood at 1.38 trillion yuan (about 200 billion U.S. dollars) in September, up from 1.28 trillion yuan in August, central bank data showed Wednesday.
China should lower risk weight for green assets, official says2018-10-12
With stringent green credit standards and a lower green loan default rate since 2013, China should be the first country to consider lowering the risk weight for green assets, according to a member with the monetary policy committee of China's central bank.
Chinese travelers embrace mobile payments2018-10-09
Mobile payment continued to soar at popular overseas destinations for Chinese travelers during the weeklong National Day holiday that ended on Sunday, according to major mobile payment provider Alipay.
More senior Chinese use mobile payment overseas: Alipay2018-10-08
More senior Chinese citizens are using mobile payment in overseas consumption, according to statistics released by leading Chinese online payment platform Alipay.
China banking system outlook stable for next 12-18 months: Moody's2018-10-08
The Chinese banking system will have a stable outlook over the next 12 to 18 months amid a steady operating environment, according to a report released by credit rating agency Moody's.
Online insurance gathers steam2018-10-08
Online insurance sellers specializing in property-related products ended a two-year run of losses and earned premium income of 32.64 billion yuan ($4.77 billion) in the first half of this year, up 37 percent year-on-year.
Liquidity ease to fuel real economy2018-10-08
The People's Bank of China, the country's central bank, unexpectedly announced on Sunday that it would cut the reserve requirement ratio for commercial banks by 1 percentage point, effective from Oct 15, in order to maintain domestic liquidity at a "reasonably ample level".
Tencent's WeChat to launch cross-border payment service for Hong Kong users on mainland2018-09-28
WeChat Pay, the mobile payment platform under internet giant Tencent, will launch in October a cross-border payment service for its Hong Kong users traveling on the Chinese mainland.
Small and micro enterprises in China get more loan support2018-09-25
Loans granted to China's small and micro businesses has seen strong growth as financial institutions pledge more support for the real economy.
China's financial leverage ratio continues to fall in Q22018-09-25
The leverage ratio of China's financial sector continued to fall in the second quarter of the year, retreating to the level of 2014, according to a leading Chinese think tank.
Solvency remains stable in China's insurance sector2018-09-18
The solvency ratio of China's insurance sector remained stable in the second quarter of the year, the China Banking and Insurance Regulatory Commission has said.
Platform registers 94 mln online loans2018-09-17
Online loans worth 116 billion yuan (16.97 billion U.S. dollars) had been registered by the end of August on a unified platform operated by an industry association in China, amid a nationwide campaign to reduce financial risks.
Small businesses' demand for loans increases in Q3: central bank2018-09-17
China's small and micro-sized businesses reported stronger demand for loans in the third quarter of this year, a central bank survey showed Friday.
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