Financial Services
Insurance would boost sharing economy2018-04-24
The introduction of business insurance protection will allow sharing economy platforms in China to flourish, according to industry specialists.
Growth of Beijing housing loans slows in first quarter2018-04-18
Loans for home buyers in Beijing grew at a slower pace from January to March after policies continued to rein in the property market, according to figures from the People's Bank of China(PBOC).
Central bank moves to cut lenders' funding costs2018-04-18
China's central bank announced a cut in some financial institutions' reserved cash amount by 1 percentage point from April 25 to support small and micro enterprises and stabilize liquidity in the banking system.
China's ICBC launches investment banking services in Singapore2018-04-17
The Singapore branch of the Industrial and Commercial Bank of China (ICBC Singapore) on Monday launched its investment banking services after it had received accreditation as an issue manager from Singapore Exchange (SGX).
Commercial banks get wealth act together2018-04-16
Commercial banks are accelerating efforts to adjust their WMP business
Asset managers enter new era2018-04-16
China's 120 trillion yuan ($19 trillion) asset management segment is on the cusp of a new era of tighter regulation and balanced growth free of systemic risks.
Alipay fined for misleading advertising, improperly collecting user information2018-04-11
Alibaba's mobile payment service Alipay has been fined 180,000 yuan (28,600 U.S. dollars) by the People's Bank of China (PBOC).
China's P2P online lending remains tepid in March2018-04-08
Business volume of China's peer-to-peer (P2P) online lending, though recovered more or less on a monthly basis, was less than the year-earlier level in March following increased regulation, an industrial report showed.
China's five big banks see faster profit growth2018-04-08
China's five major banks reported faster net profit growth and lower bad loan rates in 2017.
China third-party mobile payment market up 27.9 pct in Q42018-04-04
China's third-party mobile payment market expanded 27.9 percent quarter on quarter in the fourth quarter of last year, according to market research firm Analysys International.
Chinese insurance sector sees premium drops2018-04-04
China's insurance sector saw their premium income dip 18.5 percent year on year to 970.3 billion yuan (154 billion U.S. dollars) in January and February, the banking and insurance regulator said Tuesday.
New rules to improve China's financial regulation2018-03-30
With the approval of new regulations and programs, China is taking another major step to rein in financial risks.
China's central bank to clean up virtual currencies2018-03-30
China's central bank said it would clean up various sorts of virtual currencies in 2018 in its latest effort to step up financial supervision.
Chinese banks report rising external financial assets2018-03-28
China's banking sector witnessed an expansion in external financial assets in the fourth quarter of 2017, official data showed Tuesday.
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