The China Banking and Insurance Regulatory Commission (CBIRC) has unveiled plans to shake up the regulation of the country's life insurance sector....

Finance

PayPal Acquires Full Ownership of Chinese Third Party Payments Platform GoPay

CBNEditor - January 12, 2021 0

PayPal has become the first foreign company to acquire full ownership of a third party payments provider in China.

Economy

China Set to Contain Regional Debt Risk via Assessment-based Quotas

CBNEditor - January 12, 2021 0

Domestic sources expect regulators to accelerate efforts to contain hidden local government debt risk, after the issue was heavily stressed by the...

Banking

China Commences Trials for Bulk Transfer of Personal Non-performing Loans to Asset Management Companies

CBNEditor - January 12, 2021 0

The China Banking and Insurance Regulatory Commission (CBIRC) has launched trials to accelerate the disposal of personal non-performing loans (NPL's).

Finance

China Removes Restrictions on Credit Card Overdraft Rates for over 700 Million Card Holders

CBNEditor - January 11, 2021 0

China's central bank has removed restrictions on the overdraft rates for credit cards, in a major shake up for the country's interest...

Economy

China Will Vie for Title of World’s Financial Centre, Renminbi Could Become Global Reserve Currency: Ray Dalio

CBNEditor - January 10, 2021 0

The co-chief investment officer of the world's largest hedge fund expects China to emerge as a potential contender for the world's financial...

Banking

JPMorgan Mulls Wealth Management Venture with China Merchants Bank

CBNEditor - January 7, 2021 0

Wall Street bank JPMorgan Chase & Co. plans to launch a new wealth management joint-venture in China with the country's largest private...

Economy

Chinese Central Bank Calls for Stronger Macro-prudential Regulation of Online Finance at Inaugural Work Meeting for 2021

CBNEditor - January 7, 2021 0

The People's Bank of China (PBOC) has sent a raft of key policy signals at its inaugural work meeting for 2021, including...

Economy

China Frees up Overseas Lending for Domestic Enterprises, Targets Core Technologies Abroad

CBNEditor - January 6, 2021 0

The Chinese central government hopes to facilitate overseas expansion by domestic enterprises by freeing up offshore lending.

Finance

Pengyuan Credit Hit with Record Penalty by Chinese Central Bank for Unlicensed Operation

CBNEditor - January 6, 2021 0

The People's Bank of China (PBOC) has hit a leading Chinese credit agency with a record-breaking penalty for unlicensed business activity.

Economy

Chair of Huarong Asset Management Lai Xiaomin Sentenced to Death for Bribery, Bigamy, Corruption

CBNEditor - January 6, 2021 0

The former chair and party secretary for one of China's big four asset management firms has been sentenced to death over bribery...

Economy

China on Track to See 430 – 490 A-share IPO’s in 2021 Raising up to 480B Yuan: PWC Report

CBNEditor - January 5, 2021 0

Analysts from Pricewaterhouse Coopers (PWC) expect funds raised via A-share IPO's in China to rise to a decade-long high in 2021.

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Finance

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Chinese Central Bank Releases Financial Data for End of 2020 – Renminbi Loans Increased 19.63 Trillion Yuan Last Year

ByteDance Launches Factoring Company in Hainan

Latest stories

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

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