Financial Services
China to deepen financial opening-up, strengthen financial services for real economy2021-07-22
Chinese Premier Li Keqiang on Wednesday heard a report on advancing financial opening-up at a State Council executive meeting, where he also chaired discussions on work related to greater financial openness and stronger financial services in boosting the real economy.
Shanghai gets policy boost to promote intl RMB use2021-07-21
Chinese monetary authorities will support Shanghai to take a lead in the free use of renminbi and explore free capital inflow and outflow and free currency exchange in Shanghai's Lingang Special Area, a central bank official said on Tuesday.
Foreign investors expected to boost domestic financial markets2021-07-19
Global asset managers and sovereign funds are likely to strategically scale up investments in Chinese financial markets after the country's first-half economic data boosted their confidence in China's high-quality development agenda, experts said.
Investing from China to benefit the world2021-07-12
A little recognized and probably unappreciated fact about China's remarkable reform and opening-up policy of the last 40-odd years, piloted ably by the Communist Party of China (CPC), is there is more to it than attracting foreign investments and technologies to stoke development in China, investors, economists and researchers said.
China's banking sector expected to see 3 pct profit growth in Q2, Q3: report2021-07-12
Chinese commercial banks are likely to see their profits grow by around 3 percent in both the second and third quarters of 2021, forecast the Bank of China Research Institute in a recent report.
China's new yuan loans rise in June2021-07-10
China's new yuan-denominated loans totaled 2.12 trillion yuan (about 327.39 billion U.S. dollars) last month, up 308.6 billion yuan from the same period last year, central bank data showed Friday.
PBOC to cut reserve ratio, add liquidity2021-07-10
China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level.
Commercial lenders eyeing greater digital transition2021-07-06
The accelerated infiltration of internet and fintech companies into the traditional banking sector is reshaping the market structure, thus prompting commercial banks to explore digital transitions, Bank of China Ltd said in a white paper released on Monday.
CBDCs have big global potential, finds report2021-06-25
Central bank digital currencies, or CBDCs, can achieve cross-border circulation if monetary authorities in different countries agree to share individuals' personal identities, which requires international cooperation, a report from the Bank for International Settlements stated.
REITs make substantial debut2021-06-22
China's ongoing capital market reforms made a breakthrough on Monday as the initial batch of public REITs, or real estate investment trusts, made a solid debut and ended in positive territory, officials and experts said.
China urges banks, payment platforms to impede virtual-currency speculation2021-06-22
China's central bank has held regulatory talks with some banks and non-bank payment platforms, urging them to stop providing services for virtual-currency speculation.
China's first REITs begin trading2021-06-21
China's first batch of infrastructure real estate investment trusts (REITs) began trading Monday, with five on the Shanghai Stock Exchange and four on the Shenzhen Stock Exchange.
Elderly care market gets fillip from pension products2021-06-21
More insurers are developing products to target the growing demand of elderly care in China where an aging society requires them, experts said.
Chinese banks log forex settlement surplus in May2021-06-19
China's commercial banks saw a net forex settlement surplus of 146.8 billion yuan (about 22.81 billion U.S. dollars) in May, the country's forex regulator said Friday.
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