Financial Services
Chinese regulator to review insurers' bond transactions2017-03-29
All insurance institutions must submit records of their bond trades by the end of March, as the top insurance regulator moves to address rising credit risks in the bond market.
China banking sector onshore assets up 14.6 pct2017-03-28
Chinese banks held 230 trillion yuan (33.4 trillion U.S. dollars) in onshore assets as of the end of February, according to data released by the China Banking Regulatory Commission on Tuesday.
Chinese banks record expansion in external assets2017-03-28
China's banking industry witnessed an expansion in external financial assets in the fourth quarter last year, official data showed Monday.
Young investors take a shine to online products Young investors take a shine to online products2017-03-27
Wealth management and quick returns assume significance in digital-age financial services
China's first tech insurance firm in the pipeline2017-03-24
China is on course to open its first tech insurance firm and an equivalent of the "Silicon Valley Bank" by 2020, according to a source with direct knowledge of the matter on Friday.
ICBC establishes branch in St. Petersburg2017-03-24
Industrial and Commercial Bank of China (ICBC) established a branch bank in St. Petersburg on Thursday.
Chinese insurers' premium income up 31 pct in Jan.-Feb.2017-03-24
Premium income received by Chinese insurers rose 31 percent in the first two months, compared with a year earlier, official data showed Thursday.
Internet finance industry needs better regulations: Report2017-03-23
More efforts are needed to regulate the booming internet finance industry as cloud computing and big data technology make the sector even more decentralized, a report said on Thursday.
BOC's overseas lending outgrows domestic loans BOC's overseas lending outgrows domestic loans2017-03-23
Bank of China Ltd's overseas corporate loan growth surpassed domestic corporate loan growth in 2016 for the first time, signaling a new stage of internationalization, according to senior executives of the bank.
ICBC starts renminbi clearing services in Russia2017-03-23
Industrial and Commercial Bank of China (ICBC) officially started operating as a Chinese renminbi (CNY) clearing bank in Russia Wednesday, a move set to facilitate the use of the currency and cooperation in various fields between the two countries.
Ping An vows to step up its efforts to control NPAs2017-03-21
Ping An Bank said it will step up efforts to control nonperforming assets and strengthen risk management this year, by enhancing loan-providing thresholds and imposing limit management measures on highly risky industries.
More mobile banking subscribers in rural China2017-03-20
Some 373 million rural Chinese residents made payments by mobile banking apps in 2016, an increase of 35 percent, according to central bank data.
Bank of Russia opens Beijing office2017-03-17
Russia's central bank opened its first overseas office in Beijing on Thursday to strengthen financial cooperation between the two countries.
China insists no monetary policy change despite higher open market rates2017-03-17
China's central bank said Thursday that higher interest rates for open market operations were not an interest rate hike and did not indicate a change in its monetary policy stance.
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