Financial Services
Chinese lenders' bad loan ratio decreases2017-06-23
Chinese lenders saw their bad loan ratio decline by the end of May, fresh evidence of improved bank asset quality, the top banking sector regulator said.
China to launch 2nd phase of cross-border interbank payment system for RMB2017-06-22
The second phase of the Cross-border Interbank Payment System (CIPS) will be launched in Shanghai to promote the global use of the Chinese currency and the Belt and Road Initiative.
China keeps manageable pace of financial deleveraging2017-06-21
The market fears a cash crunch in late June as seasonally tight liquidity meets the mid-year macro-prudential assessment and tightening regulations in the banking sector.
China to standardize insurance on credit risks2017-06-21
To contain risk in the financial sector, China's insurance regulator issued a draft of rules to standardize insurance businesses and cushion against credit risks.
Jiangsu's first private bank begins operation2017-06-19
The first private bank in east China's Jiangsu Province went into operation Friday.
China eyes world-class investment banks: top securities regulator2017-06-19
Rapid development of the capital market is creating opportunities for China to establish world-class investment banks with Chinese characteristics and cultural elements, according to the country's top securities regulator.
China Exim Bank says nonperforming loan ratio lower than average2017-06-16
The Export-Import Bank of China, one of the country's largest policy banks, said the nonperforming loan ratio of its foreign lending is lower than the average thanks to the strict policies.
China Exim Bank's B&R loans at 620 bln yuan2017-06-16
The Export-Import Bank of China (China Exim Bank) said Thursday that its outstanding loans for the Belt and Road Initiative surpassed 620 billion yuan (over 90 billion U.S. dollars) at the end of the first quarter.
AIIB approves 1st equity investment, 2 loans for infrastructure projects2017-06-16
The China-initiated Asia Infrastructure Investment Bank (AIIB) on Thursday approved its first equity investment and two loans totaling 324 million U.S. dollars.
Chinese banks' IT spending to hit $20b by 2020: IDC2017-06-15
China's banking sector holds huge potential for information technology companies.
Ant woos 3rd-party financial shops2017-06-15
Ant Financial Services Group announced on Wednesday that it will allow third-party financial institutions to set up virtual shops through an indigenous app, another push to vie for supremacy in the country's booming online financial sector.
China's new yuan loans rise in May, M2 growth slows2017-06-15
China's new yuan loans continued to increase in May with money pouring into the real economy but M2 registered unexpectedly low growth.
China extends tax breaks to encourage rural financing2017-06-14
China announced Tuesday it will continue tax breaks for financial institutions lending to rural households to support the development of financial services in the countryside.
Chinese banking regulator urges progress in inclusive financing2017-06-12
The top banking regulator has called on all financial institutions to improve inclusive financing to encourage lending to money-starved small and micro firms, the agricultural sector and poverty relief work.
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