Financial Services
China's UnionPay to enter Ukrainian market2018-11-14
UnionPay International (UPI), a subsidiary of China UnionPay, will enter the Ukrainian market, Ukrainian central bank said in a statement on Tuesday.
Payment market to get opening-up boost2018-11-14
The nation's latest move to further open up its financial services sector by allowing the first foreign card network to clear card payments in the country will promote sound development and healthy competition in its payments market.
China's rural policy bank to support private firms in grain purchasing2018-11-12
China's only rural policy bank has started to award loans with a lending rate of 4.35 percent to private firms on purchasing potatoes and grain such as sorghum to help ease private firms' money shortage and expand the scale of grain purchasing.
CDB issues first securitized products of green credit assets2018-11-12
China Development Bank (CDB), the world's largest development finance institution, issued its securitized products of green credit assets on the interbank market for the first time.
Urban commercial banks urged to better serve private, micro firms2018-11-08
A central bank representative on Wednesday urged urban commercial banks to better serve the country's private and micro enterprises, according to the official website of the People's Bank of China (PBOC).
Lenders urged to support smaller businesses2018-10-31
Regulatory authorities have urged banking and insurance institutions to proactively come out with more steps to provide increased financial support for private companies, especially small and micro enterprises.
Industrial Bank's outstanding green finance loans exceed 800 bln yuan2018-10-29
The Industrial Bank (IB) had seen its outstanding loans of green finance reach over 800 billion yuan (about 115 billion U.S. dollars) by the end of September.
China Minsheng Bank steers loans to small businesses2018-10-29
China Minsheng Bank extended more than 6 trillion yuan worth of loans to small and micro-sized businesses over the past 10 years, said Zheng Wanchun, president of the bank.
China Development Bank issues 28.7 bln yuan in student loans2018-10-29
The China Development Bank (CDB), a major policy bank, has issued student loans worth a total of 28.7 billion yuan (about 4 billion U.S. dollars) so far this year.
New products to help fend off liquidity risks of listed firms2018-10-26
China announced a decision on Thursday to allow insurance asset managers to set up special products to invest in listed companies, as part of the measures taken by the authorities to mitigate the liquidity risks of listed companies which have borrowed money using shares as collateral.
Chinese banks at forefront of cross-border payment innovation2018-10-25
Since going online last year, Chinese banks have played a leading role in trialling a new financial technology that allows frictionless, real-time cross-border transactions.
Forum focuses on green finance2018-10-24
China should promote innovation in green finance and expand sources of funding for green finance by making strong efforts such as developing green bonds and issuing green asset-backed securities, bankers and policymakers said at a forum on Tuesday.
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.
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