168.1B Yuan in Insurance Asset Management Products Registered in First Half of 2019
Over 168 billion yuan in insurance asset management products were registered in the first half of the…
Author: CBNEditor
Shanghai Renminbi Cross-border Trade Settlement for Jan-May up 46.3% YoY
Renminbi-denominated cross-border trade settlement has posted roaring growth in the decade since trial schemes were first launched…
CBIRC Heightens Scrutiny of Non-performing Asset Purchases by Local AMC’s
China’s banking regulator has launched new measures that place greater restrictions on the acquisition of non-performing assets…
Du Xiaoman Financial to Help China Everbright Set up Fintech-Assisted Wealth Management Subsidiary
Baidu fintech spin-off Du Xiaoman Financial (度小满金融) will help commercial lender China Everbright Bank to set up…
Asian Infrastructure Investment Bank Membership Expands to 100, Lending Hits $8.5 Billion in Total
The China-led Asian Infrastructure Investment Bank (AIIB) has recently breached the 100 member threshold.
Beijing Places Restrictions on Foreign Bonds of Chinese Real Estate Companies
The Chinese government has placed restrictions on the usage of funds raised by domestic real estate companies…
Profits of Chinese Banks Expected to Hold Steady in 2019: China Banking Association
A new report from the peak industry body for the Chinese banking sector anticipates stable profits for…
Dajia Insurance Group Garners Approval from CBIRC, Will Absorb Anbang Insurance Group’s Operations
The China Banking and Insurance Regulatory Commission (CBIRC) has given its approval to the establishment of a…
PBOC Drafts New Fintech Development Plan for China, Regulatory Sandboxes Scheduled for Beijing, Shanghai, Guangzhou
The Chinese central bank has revealed that it is currently working on a new development plan for…
Total Social Financing Increases 13.23T Yuan in H1 2019, up 3.18T Yuan YoY
The latest figures from the Chinese central bank point to a sizeable YoY rise in total social…
