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China Pacific Insurance reports premium income growth in first four months

China Pacific Insurance reports premium income growth in first four months

2020-05-18 14:21

China Pacific Insurance (Group) Co., Ltd. reported a 3.43-percent year-on-year growth in original premium income in the first four months of 2020.

Chinese commercial banks bad loan ratio rises to 1.91 pct

Chinese commercial banks' bad loan ratio rises to 1.91 pct

2020-05-18 14:20

Chinese commercial banks' bad loan ratio rose slightly in the first quarter, data from the banking regulator showed.

Chinas insurance sector maintains adequate solvency in Q1 despite pressure

China's insurance sector maintains adequate solvency in Q1 despite pressure

2020-05-15 10:46

China's insurance sector has reported adequate solvency in the first quarter (Q1) of this year despite increased operation pressure.

Fitch Ratings gets greenlight to enter Chinas credit rating market

Fitch Ratings gets greenlight to enter China's credit rating market

2020-05-14 21:55

China has allowed Fitch Ratings to enter its credit rating market, as part of the country's latest step to open up its financial market.

China boosts financial support for Greater Bay Area

China boosts financial support for Greater Bay Area

2020-05-14 21:01

A financial support guideline for the development of the Guangdong-Hong Kong-Macao Greater Bay Area has been issued, the central bank said Thursday.

Chinas insurance companies profit down 14.44 pct in Q1

China's insurance companies' profit down 14.44 pct in Q1

2020-05-14 12:21

China's insurance companies saw falling profit in the first quarter as the novel coronavirus outbreak hurt businesses and investment returns.

ICBC to finance over 300 bln yuan for key sectors development in Hubei

ICBC to finance over 300 bln yuan for key sectors' development in Hubei

2020-05-14 10:20

ICBC promised to offer no less than 300 billion yuan (about $42.33 billion ) of financing support for the development of key sectors in Hubei.

Chinas banking regulator tightens oversight on financial data reporting

China's banking regulator tightens oversight on financial data reporting

2020-05-14 10:14

Eight Chinese banks have been fined up to 17.7 million yuan by the country's top banking regulator.

Standard Chartered issues 1st intl yuan-denominated letter of credit

Standard Chartered issues 1st int'l yuan-denominated letter of credit

2020-05-13 14:03

Standard Chartered Bank has recently facilitated the completion of the first international yuan-denominated LC transaction using blockchain.

Operating profit of German insurer Allianz down 22.2 pct in Q1

Operating profit of German insurer Allianz down 22.2 pct in Q1

2020-05-12 22:17

Operating profit of Allianz dropped by 22.2 percent year-on-year to 2.3 billion euros (2.5 billion U.S. dollars) in the first quarter (Q1) of 2020.

China approves capital increase of German reinsurer

China approves capital increase of German reinsurer

2020-05-11 21:28

Hannover Re, a German reinsurance company, has been approved to increase a total of 1.5 billion yuan to the registered capital of its Shanghai branch.

China support foreign banks access to domestic fund custody business

China support foreign banks' access to domestic fund custody business

2020-05-11 17:06

China is mulling over supporting foreign banks to gain access to fund custody service in the Chinese market.

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