Financial Services
Chinese e-commerce payment platform to make Kenyan market entry2017-07-21
Chinese electronic payment platform Alipay plans to enter the Kenyan market as an indigenous company, where it would create a payment platform for companies operating in the East African region's largest economy, the company's founder Jack Ma said on Thursday.
AIIB completes hat trick of global AAA ratings2017-07-20
In less than three weeks, the Asian Infrastructure Investment Bank (AIIB) received the three highest ratings from global credit rating agencies in recognition of its strong capital base and stable outlook.
Chinese lenders' bad loan ratio to slightly retreat: report2017-07-20
China's commercial banks will see their bad loan ratio remain generally stable and slightly retreat in the coming quarters, a report released by China Orient Asset Management predicts.
China sees growth in financial talent2017-07-18
Chinese nationals represent more than 30 percent of the holders of Chartered Financial Analyst charters, the world's most recognizable financial credential, indicating the country's desire to increase financial talent and open up on a more global basis, according to a senior executive at the CFA Institute.
Report: financial transaction function of RMB needs to be strengthened2017-07-18
China must seize every opportunity to strengthen the financial transaction function of renminbi, a recent report urges.
Ping An Insurance offers Singapore clients investment services2017-07-18
Ping An Insurance has announced plans to extend its financial services into Singapore next month to provide online overseas investment services for clients.
China's rural cooperatives see rising sales in H12017-07-18
Sales by rural supply and marketing cooperatives rose in the first half of 2017 as China pushed reforms on these entities, allowing them to serve rural residents more efficiently, official data showed Monday.
China's banking regulator stresses risk prevention after key meeting2017-07-18
China's top banking regulator said Monday it will place more priority on proactively preventing and defusing financial risks.
Bank open to support start-ups in Beijing2017-07-17
A bank went into operation Sunday in Beijing's Zhongguancun area, which boasts active entrepreneurial activities, to support start-ups and innovation.
New committee key to financial sector reform and regulation2017-07-17
China's decision to establish a committee to oversee financial stability and development will be key to reform and coordinated regulation of the financial sector.
China regulator warns of multiple risks in insurance industry2017-07-14
China's insurance industry is facing a number of risks, ranging from liquidity pressure to reputation management, a senior Chinese insurance regulator warned.
China records higher new loans, slower M2 expansion in H12017-07-13
Chinese banks extended 7.97 trillion yuan (about 1.2 trillion U.S. dollars) of new yuan-denominated lending in the first half of the year, but broad money supply growth has continued a downward trend, the country's central bank said Wednesday.
China's new yuan loans reach nearly 8 trln in H12017-07-13
Chinese banks issued 7.97 trillion yuan (about 1.17 trillion U.S. dollars) of new yuan-denominated lending in the first half of the year, the country's central bank said Wednesday.
Growth in money supply scaled down2017-07-13
Growth in a broad measurement of China's money supply dropped to a record low in June as regulators worked to reduce leverage in the nation's economy.
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