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Fintech investment in China hits a record USD 15.1 billion in H1 2018: KPMG

Fintech investment in China hits a record USD 15.1 billion in H1 2018: KPMG

2018-08-17 11:02

KPMG: Fintech investment in China hit a record high in the first half of 2018, buoyed by record-setting fundraising and a number of massive deals.

Chinas inclusive finance develops steadily

China's inclusive finance develops steadily

2018-08-14 08:43

China's inclusive finance services developed steadily last year, supporting rural development, small businesses and poverty relief.

China instructs banks, insurers to up financing support for real economy

China instructs banks, insurers to up financing support for real economy

2018-08-11 16:22

CBIRC said Saturday that it has encouraged banks and insurance companies to increase funding to meet the financing demand of the real economy.

Third-party payment market reshuffle underway

Third-party payment market reshuffle underway

2018-08-10 10:36

The People’s Bank of China (PBC) imposed fines on two third-party payment companies on July 30.

Rural NPLs rise, but are not a scare

Rural NPLs rise, but are not a scare

2018-08-06 15:54

Credit risk of rural commercial banks is under control, despite a surge in nonperforming loans or NPLs at certain banks, experts said.

CMBs private banking unit posts record growth in assets

CMB's private banking unit posts record growth in assets

2018-08-06 15:52

China Merchants Bank (CMB) Private Banking’s assets under management have reached a new record and exceeded two trillion yuan ($292.79 billion).

High-end hotels ban debt defaulters in Chongqing

High-end hotels ban debt defaulters in Chongqing

2018-08-06 09:00

High-end hotels in southwest China's Chongqing Municipality have been required to ban debt defaulters, police said.

PSBC pushes for more loans to rural, impoverished households

PSBC pushes for more loans to rural, impoverished households

2018-08-05 16:27

The Postal Savings Bank of China Co Ltd has ramped up efforts to offer small loans to rural and poverty-stricken households.

Illegal fundraising wanes as crackdown efforts bear fruit

Illegal fundraising wanes as crackdown efforts bear fruit

2018-07-31 11:12

The number of illegal fundraising cases and the amount of money involved has dropped noticeably since 2017.

China banking sectors assets up 7.1 pct

China banking sector's assets up 7.1 pct

2018-07-30 10:28

Chinese banks held 253.4 trillion yuan (37 trillion U.S. dollars) in assets as of the end of June.

China banking sectors assets up 7.1 pct

China banking sector's assets up 7.1 pct

2018-07-29 21:19

Chinese banks held 253.4 trillion yuan (37 trillion U.S. dollars) in assets as of the end of June.

China micro-credit firms outstanding loans at 976.3 bln yuan

China micro-credit firms' outstanding loans at 976.3 bln yuan

2018-07-26 10:24

Outstanding loans extended by China's micro-credit companies amounted to 976.3 billion yuan (143.6 billion U.S. dollars) by the end of June.

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