Financial Services
Banks, insurers up support for MSEs amid headwinds2022-05-26
Chinese banks and insurers have ramped up financial support for micro and small enterprises (MSEs) and self-employed individuals as they have been facing a significant increase in difficulties since the beginning of this year.
Chinese banks report net forex purchase in April2022-05-18
Chinese banks saw a net foreign exchange purchase last month, data from the country's forex regulator showed Tuesday.
Agricultural Bank of China net profit up 7.42 pct in Q12022-05-01
Agricultural Bank of China, one of the country's four big state-owned lenders, reported net profit growth of 7.42 percent in the first quarter (Q1) of this year.
Nation ups green bond issuances for carbon neutrality2022-04-25
China has continued to increase green bond issuances since the beginning of this year, driven by its pledges to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.
Unchanged LPR signals more aid for economy2022-04-21
With the People's Bank of China, the country's central bank, surprising the market to some extent on Wednesday by keeping the loan prime rate, a market-based benchmark lending rate, unchanged, the country's monetary policy will continue to increase its support for the real economy in a stable manner, experts said.
PBOC, SAFE release battery of measures to boost growth2022-04-20
China has introduced more substantial financial measures to stabilize economic growth given a resurgence in COVID-19 cases, as industry insiders understand it will serve as fresh impetus to the world economy after the World Bank slashed global growth forecasts due to heightened geopolitical tensions.
Sinosure scales up financial support for green industries2022-04-18
China Export and Credit Insurance Corporation (Sinosure) has stepped up support for the country's green industries by providing more export credit insurance, the company said.
Loan prime rates in Q2 expected to slip2022-04-18
Loan prime rates, the market-based benchmark lending rates of China, could decline in the second quarter of the year and ease the financing burden in the real economy thanks to a series of measures to reduce the funding costs of banks, market experts said.
New urbanites to enjoy streamlined financing2022-04-12
China is endeavoring to make financial services more accessible and convenient for new urbanites through a variety of measures, including data sharing, targeted support and financial innovation, regulatory officials said on Monday.
Financial moves can help ease realty woes2022-04-08
Further optimization of financial policies should be introduced into the real estate sector to better meet people's rational demand for home consumption, promote the stable and healthy development of the property market, and maintain financial and economic stability, said experts.
Chinese banks ease mortgage burden for epidemic-hit borrowers2022-04-08
China's five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic.
Digital yuan enters third round of testing2022-04-05
The orderly expansion of digital renminbi trials in China is expected to advance its research and development and wide-range applications, experts said on Monday, as the nation works to build a robust ecosystem for its digital currency, or e-CNY.
Experts call for prudence in WMP investing2022-03-25
Market experts said price fluctuations are normal after investors were surprised over declines in the price of wealth management products, which were especially noticeable over the past few weeks, and advised that a more prudential investment attitude should be taken during times of uncertainty.
China's postal bank reports 1 trillion yuan of outstanding microloans2022-03-25
The Postal Savings Bank of China, one of the country's state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion U.S. dollars) on Wednesday, the Shanghai Securities News reported on Thursday.
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