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Eleven Chinese banks manage eight trillion yuan in private banking
Eleven prominent A-share Chinese banks managed over eight trillion yuan of assets for their private banking customers by the end of June this year.
UnionPay aims to get foothold in European market
Chinese bankcard association China UnionPay has announced that it will partner with a British-based bank to launch a UK card.
China's central bank governor calls for further financial opening up
China's PBOC governor has called for continued efforts to expand the opening-up of the country's financial sector in a proactive and orderly manner.
Nomura will provide wealth management service in China
“At present, we are going to start from where we have the most strength,” he said. “That is our wealth management service.”
Solvency remains stable in China's insurance sector
The average solvency ratio of 176 insurance companies came in at 246 percent at the end of Q2, and that of core assets at 235 percent.
Hong Kong Monetary Authority announces launch of Faster Payment System
The Hong Kong Monetary Authority (HKMA) on Monday announced the launch of the Faster Payment System to boost use of new financial technology.
Platform registers 94 mln online loans
Online loans worth 116 billion yuan had been registered by the end of August on a unified platform operated by an industry association in China.
Small businesses' demand for loans increases in Q3: central bank
China's small and micro-sized businesses reported stronger demand for loans in the third quarter of this year.
China Construction Bank Singapore Branch celebrates 20th anniversary
China Construction Bank Corporation (CCB) Singapore Branch Friday celebrated its 20th anniversary in Singapore.
Wall Street never learned its lesson
Ten years after the collapse of Lehman Brothers brought the U.S. economy to its knees, When will the next financial crisis hit?
Ray Dalio’s Seven Bubble Indicators Are ‘Flickering But Not Flashing’
Hedge fund guru Ray Dalio has a new book on debt crises, but that doesn’t mean he thinks we’re headed into one.
China's new yuan loans fall in August
China's new yuan-denominated loans stood at 1.28 trillion yuan (about 186.4 billion U.S. dollars) in August, down from 1.45 trillion yuan in July.
World Insights: Int'l trade with China soars in 2022, decoupling theory crushed b...
Live COVID-19 updates: U.S. COVID-19 cases top 1 mln
Xinhua top 10 China news events in 2019
Feature: Tourism rejuvenates old Silk Road town
