Financial Services
More than half billion Chinese pay by mobile phones: report2018-07-19
China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report.
ICBC London celebrates landmark green bond issuance2018-07-17
The London branch of China's major bank ICBC on Monday rang the bell in the Market Open ceremony at the London Stock Exchange (LSE) to celebrate the Bank's dual-currency multi-tranche green bond issuance.
China's insurance sector provides stable risk protection in first five months2018-07-16
China's insurance sector provided risk protection worth 3115 trillion yuan(467 trillion U.S.dollars)for the whole of society in the first five months, the China Banking and Insurance Regulatory Commission has said.
P2P firms in dock as scrutiny tightens2018-07-13
Tighter scrutiny by financial regulators could lead to another shakeout in China's fiercely competitive peer-to-peer (P2P) lending sector and delay the issuing of formal business licenses by a year or two, experts said.
China approves set-ups of branches of overseas banks2018-07-12
China approved the establishment of branches of several overseas banks in its latest effort to open up financial sectors.
China's insurance premium income falls in January-May2018-07-11
China's insurance sector saw premium income drop 5.9 percent year-on-year to 1.9 trillion yuan (about 286 billion U.S. dollars) in the first five months, according to official data.
Tighter rules may trigger P2P industry shakeout2018-07-11
Only one out of the nine peer-to-peer lending companies in China might be able to survive as top financial regulators are stepping up the pace of scrutiny to curb risks caused by the massive unregulated sprawl in the past few years.
China to improve management of state-owned financial capital2018-07-09
China will improve the management of state-owned financial capital to better serve the real economy, guard against financial risks and deepen financial reform.
India grants license to Bank of China to operate in Mumbai2018-07-05
India's central bank, the Reserve Bank of India(RBI), has granted license to the Bank of China to operate its branch in Mumbai, RBI sources said on Thursday.
China holds top four rankings in list of world's largest banks2018-07-04
The top four places in the list of the world's 1,000 largest banks have been taken by banks from China. The list, issued by British magazine "The Banker" on Monday, puts Industrial and Commercial Bank of China (ICBC), China Construction Bank, Bank of China, and Agricultural Bank of China in the top four places, respectively.
Foreign ownership timeline announced2018-06-30
The Chinese government said on Thursday that foreign securities, futures and insurance companies will be allowed to have a majority stake in their Chinese joint ventures this year, and by 2021 there will be no foreign shareholding limit for such businesses.
China cuts RRR by 50 basis points2018-06-24
China will lower some banks'reserve requirement ratios(RRR)by 50 basis points on July 5, the country's central bank said Sunday.
Bank change to aid small businesses2018-06-25
China's central bank announced on Sunday it is cutting the cash required to be held in reserve in commercial banks by one-half percentage point starting July 5, a measure designed to make it easier to lend to small and microsized companies.
China's banking, insurance sectors maintain sound performance: regulator2018-06-19
China's top banking and insurance industry regulator said Tuesday that the two sectors have been performing on solid footing, with risks under control.
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