Financial Services
China's new yuan loans increase in December2019-01-16
China's new yuan-denominated loans stood at 1.08 trillion yuan (about 160 billion U.S. dollars) in December 2018, up 499.5 billion yuan year on year, central bank data showed Tuesday.
China's bank-card consumer confidence edges down2019-01-16
China's consumer confidence declined slightly in December on a month-on-month basis, according to an index released Monday.
Chinese insurers' assets up 7.2 pct in 20182019-01-16
Total assets of China's insurance sector saw a steady increase last year, with a rise in premium income, the country's top insurance regulator said.
Loans of Chinese banks up 12.6 percent in 20182019-01-16
China's banking institutions saw an increase in total assets in 2018, with a rapid increase in loans, the country's top banking regulator said.
China's life insurance sector expected to see faster growth2019-01-16
China's life insurance sector will see its premium growth rebound in 2019 and 2020, according to forecasts by Swiss Re Group, a leading reinsurance company.
China Taiping inaugurates life insurance business in Singapore2019-01-08
China Taiping Insurance Singapore Pte Ltd (CTPIS) on Tuesday celebrated the inauguration of life insurance business in Singapore.
Bank of China Chicago seeks to localize operation in U.S.2019-01-08
Bank of China (BOC) has provided job opportunities and boosted local economy by energetically localizing its operation in the United States, general manager of BOC Chicago Branch has said.
China greenlights two leading banks to open wealth management units2019-01-07
China's banking and insurance regulator has given two of the country's biggest lenders the go-ahead to set up wealth management subsidiaries.
China to cut reserve requirement ratio by 1 percentage point2019-01-07
The People's Bank of China (PBOC) decided Friday to cut the reserve requirement ratio (RRR) for RMB deposits by 1 percentage point.
China's central bank adjusts targeted RRR policies to support small firms2019-01-03
China's central bank decided Wednesday to ease evaluation rules for qualifying financial institutions to enjoy lower reserve requirement ratios (RRR) in a move to encourage inclusive financing.
Banks get green light to establish wealth management units2018-12-28
Two State-owned banks, the China Construction Bank and the Bank of China, were approved to set up wealth management subsidiaries, according to the China Banking and Insurance Regulatory Commission on Thursday.
Banks urged to trim losses with new debt instruments2018-12-27
Chinese financial regulators will continually encourage commercial banks to develop innovative debt instruments and replenish capital, in order to meet regulatory standards and strengthen their ability to absorb losses, said senior officials.
Banking institutions in China see rise in assets, liabilities2018-12-26
China's banking institutions saw an increase in total assets and liabilities, according to data published Tuesday by the country's top banking regulator.
Tech upgrade key for commercial lenders2018-12-26
It is imperative that commercial banks conduct digital innovation and transformation, as emerging fintech companies are eroding bank profits in their core business such as payments, consumer lending and wealth management.
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