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Chinas major investment company reaps record gross profits

China's major investment company reaps record gross profits

2020-01-11 19:41

The State Development and Investment Corp., a major state-owned investment company, reaped a record 20 billion yuan in gross profits in 2019.

First wholly foreign-funded insurance holding company to debut in China

First wholly foreign-funded insurance holding company to debut in China

2020-01-10 23:17

Allianz China Holding, fully owned by Allianz Group, will open for business in Shanghai on Jan. 1.

China to optimize financial support for Yangtze River Economic Belt

China to optimize financial support for Yangtze River Economic Belt

2020-01-09 13:19

China's banking and insurance regulator pledged to optimize financial services to facilitate the green development of the Yangtze River Economic Belt.

China unveils revised regulations for foreign banks

China unveils revised regulations for foreign banks

2020-01-06 10:53

China's banking regulator unveiled revised management regulations for foreign banks to advance opening up of the banking sector.

Chinas central bank outlines policy priorities for 2020

China's central bank outlines policy priorities for 2020

2020-01-05 18:49

China's central bank mapped out key policies and tasks for 2020 during an annual work conference held in Beijing from Thursday to Friday.

Guideline on high-quality development of banking, insurance sectors

Guideline on high-quality development of banking, insurance sectors

2020-01-05 17:28

By 2025, China expects the banking and insurance system to have a better financial structure with multiple layers, broad coverage and diversity.

New law gives foreign investors teeth in bite of China market

New law gives foreign investors teeth in bite of China market

2020-01-02 15:13

In a world fraught with uncertainties, foreign firms in China have something certain to expect for 2020 and beyond.

Northern China province cracks down on P2P lending

Northern China province cracks down on P2P lending

2020-01-02 10:36

Authorities have cracked down on peer-to-peer (P2P) online lending firms in north China's Shanxi Province.

Chinas consumer finance firms see fast asset growth

China's consumer finance firms see fast asset growth

2020-01-02 10:21

China's consumer finance firms saw fast expansion in assets and outstanding loans as small-sum and convenient loans became increasingly popular.

China to cut RRR by 50 basis points

China to cut RRR by 50 basis points

2020-01-01 18:43

The People's Bank of China on Wednesday decided to cut the (RRR) for financial institutions by 50 basis points from Jan. 6 to spur the real economy.

China Development Bank transfers 100 bln yuan to small businesses

China Development Bank transfers 100 bln yuan to small businesses

2019-12-29 13:45

The China Development Bank (CDB), a major policy bank, has so far transferred 100 billion yuan (about 14.29 billion U.S. dollars) of loans this year.

China to adopt LPR-based interest rate benchmark for outstanding loans

China to adopt LPR-based interest rate benchmark for outstanding loans

2019-12-28 21:56

China will adjust interest rate benchmark for outstanding floating rate loans.

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