Financial Services
Banking associations of France, China sign MOU on banking partnership boost2017-05-24
The French Banking Federation(FBF)and the China Banking Association(CBA)have signed a memorandum of understanding(MOU)with an aim to boost partnership and coordination.
China's insurance industry solvent: regulator2017-05-23
China's insurance industry has kept its risks under control, with a sound solvency ratio, said the country's insurance regulator.
Banks use fintech to drive change, key report finds2017-05-23
The rapid development of financial technology has seen listed Chinese banks continue a major drive to transform their branches and reform their operations, according to the findings of a report issued on Monday by Ernst & Young.
China encourages insurance funds to invest in major projects2017-05-23
China's top insurance regulator said Monday insurance funds are expected to invest in major projects that will play a significant role in boosting the economy.
No need to panic over financial deleveraging: central bank newspaper2017-05-23
Despite jitters on the stock and bond markets, there is no need to panic over China's financial deleveraging, a central bank-affiliated newspaper said Monday.
China releases rules for due diligence on non-resident financial accounts2017-05-22
Chinese authorities Friday publicized detailed rules for financial institutions to conduct due diligence procedures on non-resident accounts in an effort to counter cross-border tax evasion.
Banking regulators vow to eliminate secondary risks2017-05-18
To strike a balance between financial stability, gradual deleveraging and stable economic growth, China's banking regulators have rolled out a slew of measures.
First private bank in China's rust belt starts operation2017-05-17
The first private bank in China's rust belt, an industrial area in the northeast, went into operation Tuesday.
Bankers to step up shared financing2017-05-16
Banks from emerging economies are boosting their presence in infrastructure activities under the Belt and Road Initiative, with bankers vowing on Monday to seek closer partnerships for project financing.
Insurers to extend coverage along Belt and Road2017-05-15
China has made major advances in building a community for the insurance industry in countries along the Belt and Road.
China's new yuan loans rise in April2017-05-12
China's banks issued a combined amount of 1.1 trillion yuan (about 160 billion U.S. dollars) in new yuan loans in April, the central bank said Friday.
Banks see little risk involving initiative2017-05-12
Credit risks in markets linked to the Belt and Road Initiative are under control, and major Chinese banks are building firewalls to ensure sustainable financing for overseas infrastructure projects.
China to defuse risks in insurance sector2017-05-11
China's insurance regulator said Tuesday it will find and defuse hidden risks in the use of insurance funds, a fresh move to tighten supervision of the multi-trillion dollar sector.
Chinese lenders' profits rise in Q12017-05-11
Chinese commercial lenders brought in more profits in the first quarter of this year, while the quality of their assets remained stable, China's top banking regulator said Wednesday.
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