Wednesday, January 27, 2021
Tags Chinese trust companies

Tag: Chinese trust companies

China’s Financial Authorities Take over Nine Insurers, Trust Companies and Brokers

China's top financial authorities have taken over control of a slew of companies in the finance sector following regulatory breaches.

Assets under Management of China’s 68 Trust Companies Drop 4.85% YoY in 2019

Data from China's peak body for the trust sector indicate that assets under management dropped by over 4.8% YoY in 2019....

Spot Inspections of Trust Firms Leads to Suspension of Conduit Business for Banks

The China Banking and Insurance Regulatory Commission has launched nation-wide on-site spot inspections of financial institutions including trust companies, as part of its ongoing...

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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...