Sunday, January 17, 2021
Home Finance

Finance

CBIRC to Directly Regulate 39 Chinese Life Insurance Companies

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

PayPal Acquires Full Ownership of Chinese Third Party Payments Platform GoPay

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

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

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

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

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

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

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

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

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...

JPMorgan Mulls Wealth Management Venture with China Merchants Bank

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

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

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

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

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

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

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

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

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

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

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

Latest stories

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

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

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

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.