Financial Services
Rules to bolster banking stability2018-12-11
New and detailed rules seeking to bolster stability among the nation's biggest and most important financial organizations are on the way soon, according to industry insiders familiar with the plans.
Flexible policies offered to small firms2018-12-06
China CITIC Bank Corp is revising its policies to encourage client managers to offer loans to small businesses, by removing their concerns for being held responsible for default on loans, as long as they perform due diligence according to the rules of the bank.
China's banking association to boost consortium loans2018-12-04
The aggregate consortium loans provided by Chinese banks have reached 6.97 trillion yuan (about 1 trillion U.S. dollars) in the first half of 2018, up 8.87 percent from the end of last year, industry data showed.
Higher standards for key institutions2018-11-29
China will impose tighter regulations on financial institutions identified as systemically important, requiring higher standards on supplementary capital and the leverage level, the central bank announced on Tuesday.
Younger generation flocking to buy insurance online2018-11-29
Online insurance is gaining popularity in China, driven by an increasing number of young people looking to cover themselves using quick, low-cost, social media-powered apps, according to a new industry report.
Germany's Allianz gains approval for first wholly foreign owned insurer2018-11-27
China has granted German insurer Allianz permission to set up the first wholly foreign-owned insurance holding company in the country, the banking and insurance regulator said in a statement on Sunday.
Nation raises foreign banks' debt quota2018-11-27
The National Development and Reform Commission announced on Monday it will allow foreign banks in China to apply for government approval for a quota increase in their medium to long-term foreign debt for 2019.
Overseas financial institutions gain greater access to Chinese mainland market2018-11-26
With approval from a Chinese market regulator, a number of overseas financial institutions are ready to expand their presence in the Chinese mainland.
Regulator steadily opens financial sector2018-11-26
China further opened its financial sector to foreign investors, with the banking and insurance regulator giving two more financial institutions the nod for market access.
Bankers need to 'change mentality', embrace opening-up2018-11-23
Among all aspects on the path to open banking, including improved infrastructure, data and businesses, opening up bankers' minds is the most important, according to a leading executive in the financial services sector.
China UnionPay launches card for small, micro businesses2018-11-22
China UnionPay and China's commercial banks have jointly unveiled a bank card designed for micro and small companies amid the government's call for giving more support to smaller businesses.
China's ICBC opens Manila branch2018-11-22
The Industrial and Commercial Bank of China (ICBC), China's largest lender by market value, has announced the opening of a branch in the Philippine capital of Manila, the latest of its efforts to expand overseas.
Mobile loans bring easier financial access to Chinese farmers2018-11-22
More farmers in China are benefiting from mobile loans, a new and quicker financial service on their phones. It only takes a few minutes before farmers in West China's Inner Mongolia Autonomous Region can get unsecured loans of up to 100,000 yuan ($14,400).
Growth of direct banking slowing down2018-11-22
After rapid growth over the past several years, development of direct banks in China is showing signs of slowing down, according to a newly released report.
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