Financial Services
China toughens supervision on third party payment2018-03-22
China's third-party payment companies may face intensified competition as regulators step up oversight of the industry to prevent financial risks.
China eases market access for foreign payment firms2018-03-22
China's central bank on Wednesday laid out the rules for foreign-invested payment firms over market access and supervision, in a bid to open up its payment service market and encourage competition.
China to strengthen inclusive finance in rural areas2018-03-21
China will make rural area the key focus in developing inclusive finance to improve financial institutions' rural vitalization strategies.
ABC establishes branch bank in Xiongan New Area2018-03-19
The Agricultural Bank of China (ABC) on Monday announced the opening of its branch bank in Xiongan New Area.
ICBC Vientiane eyes to become leading bank in Laos2018-03-19
Established in 2011, the Industrial and Commercial Bank of China (ICBC) Vientiane Branch aims to become a leading commercial bank in Laos and offer the best banking services in the country in the coming years.
Two banks fined for violating payment clearing rules2018-03-16
China's central bank said Friday that it has fined two banks for irregularities found in an inspection of payment clearing services.
China's banking regulator wants better data governance2018-03-19
China's banking institutions should include data management in their corporate governance framework and improve data quality, the country's banking regulator said Friday.
Financial oversight redo seen as effective2018-03-15
China's decision to merge banking and insurance regulators underscores policymakers' intention to address a financial regulatory vacuum and enhance supervision through a more unified approach, financial experts said on Wednesday.
China to expand capital tools for banks to raise funds2018-03-12
China's financial regulators Monday issued a plan to expand capital tools for commercial banks to replenish their capital in order to boost their support for the real economy.
China toughens insurer ownership management to defuse risks2018-03-12
A revised regulation on investment in insurance companies will come into effect on April 10, a proactive approach by the Chinese government to financial risk.
Chinese banks see surging mobile payments in 20172018-03-06
Chinese banks saw a surge in mobile payments last year, official data showed Monday.
China regulator tests rules on insurance asset liability management2018-03-02
China's insurance regulator Thursday released new regulations on asset liability management in the sector, deciding to test the rules for one year in a latest step to prevent asset-liability mismatch risks.
China's mobile payment apps expand worldwide2018-03-01
China's mobile payment apps are expanding their reaches in the global market as Internet giants such as Alibaba and Tencent seek to promote their e-payment tools overseas.
China's online property insurance premiums drop mildly2018-03-01
China's online property insurance premiums dropped mildly in 2017 due to shrinking auto insurance business, official data have showed.
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