Financial Services
China UnionPay sees increased card use globally2018-05-23
China UnionPay, the country's sole bank card network operator, said Tuesday its global card network continued to expand in 2017 with increased transactions.
China's online property insurance premiums gain in Q12018-05-22
China's online property insurance premiums increased substantially in the first quarter of 2018, reversing a slight decline last year, official data showed.
Chinese banks record net forex purchase in April2018-05-21
Chinese commercial banks recorded a net foreign exchange purchase in April, and forex market supply and demand remained balanced, the country's forex regulator said Friday.
Realty's asset securitization gets fine start2018-05-21
Overseas financing of Chinese real estate companies surged 107 percent year-on-year to reach $23.32 billion from January to April. Foreign capital mainly flowed in through purchase of bonds issued by Chinese realty firms.
Foreign insurers ramp up expansion2018-05-17
Foreign insurers are stepping up the pace of expansion in China after the regulators loosened foreign ownership restrictions in the insurance business, which analysts said could intensify their competition with local players.
Stanbic Bank Kenya, China's ICBC seek to promote tourism, trade2018-05-16
Stanbic Bank Kenya and the Industrial Commercial Bank of China (ICBC) on Tuesday launched an initiative to promote tourism and trade between the two countries by offering incentives for travelling, shopping and leisure to tourists visiting the two countries.
Govt to amend rules on foreign-funded insurance firms2018-05-16
China will start to amend rules relevant to foreign-funded insurance companies in the near future, Shanghai Securities News reported Wednesday, citing anonymous sources.
China's new yuan loans expand, M2 growth quickens2018-05-14
Chinese banks extended 1.18 trillion yuan (about 184.4 billion U.S. dollars) in new yuan-denominated loans in April, more than market forecasts, and edging up from the previous month, central bank data said Friday.
China's commercial banks earnings rise in Q12018-05-14
China's commercial banks saw faster growth in profits for the first quarter of the year, with a stable bad loan ratio, data showed.
China's financial opening up attracts global investors2018-05-14
China's latest opening-up measures in the financial sector have attracted more global investors to China's high-quality growth.
Shanghai to further open up finance sector2018-05-14
Shanghai on Sunday announced new measures to open wider its finance businesses, in a bid to develop itself into an international finance center.
Nomura seeks nod for securities joint venture2018-05-10
Nomura Holdings Inc, Japan's biggest brokerage and investment bank, has applied to set up a securities joint venture with a majority stake in China, becoming the latest foreign firm to take advantage of China's pledge to further open its financial sector.
Major commercial banks raise Beijing mortgage rate2018-05-09
Four major Chinese commercial banks have raised their mortgage rates for first-home purchasers in Beijing, a move expected to further cool the local property market.
China fines banks over wealth management transgressions2018-05-07
The China Banking and Insurance Regulatory Commission (CBIRC) recently fined three commercial banks for improper practices in wealth management.
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