Financial Services
Slow money supply growth in China to become "new normal"2018-01-16
Analysts say slower growth in China's money supply will become common amid the country's deleveraging efforts.
Regulator targets bank quality, risks2018-01-15
China will deepen efforts to maintain market order in the banking industry to prevent financial risks and promote the high quality growth of banks, the sector's regulator said on Saturday.
Regulations target entrusted loan use2018-01-12
The China Banking Regulatory Commission has announced rules to further standardize the management of entrusted loans, strictly restricting the sources and uses of such funding.
China's insurance premium income up 19 pct2018-01-11
China's insurance premium income continued to see steady growth, with a 19.17-percent year-on-year rise in the first 11 months of 2017, according to data released Wednesday by the country's top insurance regulator.
Consumer loan product boom may fizzle out on debt norms2018-01-09
Consumer loan product boom may fizzle out on debt norms
China's cash loan market to shrink in H1: Report2018-01-09
The credit balance of China's online lenders will see a notable decline in the first two quarters, weighed on by tightened regulation of internet microloans, Morgan Stanley said in a report.
Regulators tighten rules for bond trading to curb risks2018-01-09
China's financial regulators have tightened rules for bond trading, a move that may exert short-term selling pressure on the bond market but will help reduce excessive leverage and curb risks in the country's financial system, analysts said.
China moves to regulate entrusted loans2018-01-08
China's top banking regulator on Saturday issued rules to tighten management over entrusted loans, a form of business-to-business lending that involves commercial lenders as intermediaries.
China's SPD Bank sees 2017 net profit up 2.15 pct2018-01-08
Shanghai Pudong Development (SPD) Bank said its net profit for 2017 rose 2.15 percent year on year to 54.24 billion yuan (8.3 billion U.S. dollars).
AIIB eyes first USD bond issuance as early as June2018-01-08
The Asian Infrastructure Investment Bank (AIIB) said Saturday that it may issue its first U.S. dollar-denominated bond as soon as the end of June this year.
Mobile banking boosts local economies across China2018-01-08
A 20-minute ride on a steamboat from the wharf of the Sandu Gulf port area in Ningde, a coastal city in Fujian province, is all that is needed to reach the fishery owned by fisherman Zheng Xiangan, 39, who has just received about 1 million yuan ($154,000) from consumers and fish sellers through a local bank's mobile app.
Alipay makes changes after privacy criticism2018-01-05
A digital spending profile based on a person's history of mobile purchases that went online on Wednesday has sparked a public outcry over privacy issues.
Alipay sees more mobile payment users in 20172018-01-03
More users of Alibaba's third party online payment service platform Alipay used it for mobile payment in 2017 than the previous year, the company said Tuesday.
Mobile payment scale rises in 3rd quarter: report2018-01-01
The scale of mobile payment in China exceeded 29 trillion yuan (4.5 trillion U.S. dollars) in the third quarter of 2017, a report indicated.
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