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PBOC handles 7 mln transactions related to epidemic control
PBOC said more than 7 million payment transactions related to the prevention and control of the COVID-19 epidemic had been handled through its system.
Chinese banking sector's anti-epidemic credit support exceeds 1.2 trillion
Chinese banks had offered credit support of over 1.25 trillion yuan (about 180.4 billion U.S. dollars) as of Wednesday noon.
China waives credit report inquiry fee for financial institutions
PBOC would exempt service charges on enterprise and individual credit report inquiry for 10 types of small financial institutions.
China regulate consumer complaint management in banking, insurance sectors
China will intensify the handling of consumer complaints in the banking and insurance sectors to better protect customers' legitimate rights.
China's insurance sector sees rising growth rate in 2019
China's insurance industry reported 4.3 trillion yuan (about 614.29 billion U.S. dollars) of premium income in 2019, up 12.2 percent year on year.
China central bank pledges ＂dynamic adjustment＂ of RRR policies
China will adopt "dynamic adjustment" of targeted reserve requirement ratio (RRR) cut policies in the near future.
China approves establishment of mainland-Taiwan securities joint venture
China has approved the establishment of a joint venture securities firm between a mainland investment group and a financial firm from Taiwan.
China greenlights first wealth management unit of rural commercial bank
China's banking and insurance regulator has given the nod to the establishment of the first wealth management company owned by a rural commercial bank
Chinese banks' anti-epidemic credit support exceeds 740 bln yuan
Chinese banking institutions had offered credit support of over 746 billion yuan as of Wednesday noon to boost production restoration.
Most commercial lenders' profits used to support real economy
PBOC suggested treating commercial lenders' rising profits in a rational fashion.
China's commercial banks register stable credit asset quality
China's commercial banks have reported stable credit asset quality by the end of the fourth quarter last year.
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