Tuesday, October 27, 2020
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Banking

CBIRC Shames 38 Shareholders in Banks and Insurers for Illegal Conduct

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China's banking regulator has publicly named shareholders in Chinese financial concerns that it alleges have engaged in a range of infractions including...
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Finance

Dajia Insurance Group Garners Approval from CBIRC, Will Absorb Anbang Insurance Group’s Operations

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The China Banking and Insurance Regulatory Commission (CBIRC) has given its approval to the establishment of a new insurance group in China...
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Finance

Regulators Take Over Anbang Insurance Group

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The Chinese insurance regulator has taken over Anbang Insurance Group in the wake of allegations that former chairman and CEO Wu Xiaohui (吴小晖) engaged...
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Most Read

Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

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The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...
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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

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Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...
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Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

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Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...
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Digital Lender XWBank Sees Q3 Profits Rise 32%

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Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...
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