Financial Services
Chinese banks see net forex purchase rise in October2017-11-17
Chinese banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed Thursday.
China to open up payment industry2017-11-17
China will open up its payment industry in a balanced and orderly way, Fan Yifei, deputy governor of the People's Bank of China (PBOC), said at a forum Thursday.
Chinese insurers' premium income up 21 pct2017-11-14
Premiums received by Chinese insurers have risen 21 percent in the first three quarters compared with the same period last year.
China to give foreign businesses better access to financial, auto industries2017-11-10
China will significantly ease market access to the financial sector, reduce tariffs on cars, and try out lifting foreign ownership restrictions in the new energy vehicle (NEV) industry, a senior diplomat said Thursday.
China establishes financial stability committee2017-11-09
China has set up a committee under the State Council to oversee financial stability and development, according to an official statement Wednesday.
Financial stability committee launched2017-11-09
A national committee for overseeing financial stability and development - a new Cabinet-level regulatory body - convened on Wednesday for its first plenary meeting.
未命名_副本.jpg P2P platforms turn to US markets for funds2017-11-07
Chinese online lenders are seeking growth opportunities and securing shares in the emerging peer-to-peer lending market by going public in the United States, according to industry experts.
Public transport alliances set to boost UnionPay2017-11-07
China UnionPay is busy collaborating with public transportation systems nationwide to enable "tap and go" and "scan and go" entrances, a move that may propel the brand ahead of its mobile payment competitors.
Central bank head urges more reform2017-11-06
Deepened reform and opening-up are the key measures to proactively control systematic risks in financial sector, Zhou Xiaochuan says.
China Life to expand overseas presence2017-11-03
China Life Insurance Co Ltd, the country's largest life insurer by market share, will invest actively in international markets, seeking greater exposure to assets including overseas stock markets, real estate and infrastructure projects, a senior executive said on Thursday
Chinese banks report better asset quality in Q32017-11-02
Most listed banks reduced their bad loan ratio, while many also saw a rise in provision coverage ratio, funds set aside to cover bad loans, according to quarterly reports.
Hong Kong sees renminbi deposits up 0.5 percent to 535.5 bln yuan2017-11-01
Renminbi deposits in Hong Kong rose by 0.5 percent to 535.5 billion yuan (84.6 billion U.S. dollars) at the end of September, the Hong Kong Monetary Authority said on Tuesday.
NDB plans to expand lending by 60%2017-10-31
The New Development Bank is planning to expand lending by 60 percent in 2018, aiming to grow to about $4 billion in loans from the $2.5 billion total anticipated this year.
Insurance broker Jiang Tai to list2017-10-30
Jiang Tai Insurance Brokers Co Ltd, one of the country's largest insurance brokers, is expected to float its shares on the Shenzhen Stock Exchange's SME board next year, the company's chairman said.
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