Financial Services
Chinese commercial banks' non-performing loan ratio down to 1.8 pct2021-05-12
Chinese commercial banks' bad loan ratio declined in the first quarter, data from the banking regulator showed.
China's new yuan loans drop in April2021-05-12
China's new yuan-denominated loans totaled 1.47 trillion yuan (about 228.77 billion U.S. dollars) in April, down 229.3 billion yuan year on year, central bank data showed Wednesday.
China sees more inclusive finance loans2021-05-02
China has issued more inclusive finance loans in the first quarter as government introduces more policies to support small companies and individuals, official data showed.
Most Chinese banking institutions safe from risks: central bank2021-04-25
Most of China's financial banking institutions are safe from risks as of the fourth quarter last year, according to the central bank.
Financial support urged to attain carbon targets2021-04-21
China's central bank chief vowed on Tuesday to mobilize financial support from all parties to realize the goal of the nation achieving carbon neutrality by 2060, and called for promoting a deepened opening-up of the domestic green financial market to foreign investors.
Budget moves focus on risk prevention2021-04-14
Policymakers have decided to optimize budget management and tighten debt financing regulations to prevent risks and improve fiscal sustainability, the Ministry of Finance said in a document published on its website on Tuesday.
139875744_16182365742201n.jpg Digital yuan trial heralds inclusive tech future2021-04-13
Digital yuan trial heralds inclusive tech future
China's financial authorities conduct talks with Ant Group again2021-04-13
The People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange again carried out joint regulatory talks with Ant Group on Monday.
Ant Group to face stricter supervision2021-04-13
Chinese authorities plan to turn Ant Group into a financial holding company whose financial activities are put under stricter regulatory supervision in a move related to a monthlong antitrust probe.
China explores digital yuan for cross-border transactions2021-04-02
China is exploring ways to use its digital yuan for cross-border transactions to meet market demand, the central bank said on Thursday.
New steps to secure cross-border data flows2021-03-25
Monetary authorities have recently come out with measures, including a joint venture, to secure cross-border financial information transfer and payments, to prevent unexpected interruptions and improve data security, experts said.
Pakistan's largest multinational bank opens branch in Beijing2021-03-24
The Habib Bank Ltd (HBL), the largest multinational bank in Pakistan, opened its branch in Beijing on March 5 and held an opening ceremony on Monday, which aims to better serve Chinese clients participating in the construction of the China-Pakistan Economic Corridor and the Belt and Road Initiative, according to the bank's executives.
Digital economy to account for 10% of fresh output in nation by 20252021-03-17
Digital economy will become a key ingredient of national strategy during the 14th Five-Year Plan period (2021-25), researchers and entrepreneurs in the technology sector said.
China's insurance sector maintains steady operation2021-03-15
China's insurance sector maintained steady operation last year, with the solvency adequacy ratio remaining in an appropriate range, said the country's banking and insurance regulator.
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