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China warns against virtual currency trading, ICO risks

China warns against virtual currency trading, ICO risks

2019-12-14 16:18

The National Internet Finance Association of China (NIFA) alerted the market to risks in Initial Coin Offerings (ICOs) and virtual currency trading.

Assets of Chinas financial institutions up 8.1 percent

Assets of China's financial institutions up 8.1 percent

2019-12-12 20:50

The total assets of Chinese financial institutions rose 8.1 percent to 312.46 trillion yuan (about $44.5 trillion) at the end of the third quarter.

Chinas new yuan loans rise in November

China's new yuan loans rise in November

2019-12-10 20:06

China's new yuan-denominated loans hit 1.39 trillion yuan (197.44 billion U.S. dollars) in November, a year-on-year rise of 138.7 billion yuan.

ICBCs outstanding consortium loans exceed 1 tln yuan

ICBC's outstanding consortium loans exceed 1 tln yuan

2019-12-10 16:26

The aggregate consortium loans provided by the ICBC, China's biggest commercial lender, have surpassed 1 trillion yuan by the end of November.

Foreign-funded banks, insurers post expanding China presence

Foreign-funded banks, insurers post expanding China presence

2019-12-10 14:31

Foreign-funded banks and insurers have reported a bigger presence in the Chinese market.

Chinas ＂new third board＂ raises 24.74 bln yuan in January-November

China's ＂new third board＂ raises 24.74 bln yuan in January-November

2019-12-08 15:57

China's National Equities Exchange and Quotations (NEEQ)" raised 24.74 billion yuan (3.51 billion U.S. dollars) in the January-November period.

Chinas P2P platform number falls to 456

China's P2P platform number falls to 456

2019-12-08 10:36

The number of P2P platforms fell to 456 at the end of November from 486 at the end of October.

China CITIC Bank approved to set up wealth management company

China CITIC Bank approved to set up wealth management company

2019-12-07 09:44

China CITIC Bank, a major commercial lender, has gained approval from CBIRC to set up a wealth management company.

Postal Savings Bank of China to step up retail banking: newspaper

Postal Savings Bank of China to step up retail banking: newspaper

2019-12-06 11:13

Postal Savings Bank of China (PSBC) kicked off operations of its wealth management subsidiary Thursday.

Chinas central bank starts pilot regulation on fintech in Beijing

China's central bank starts pilot regulation on fintech in Beijing

2019-12-06 10:31

China's central bank on Thursday said it will support the capital city of Beijing in experiment and test regulations on the fintech sector.

Chinas Hainan unveils measures to foster blockchain industry

China's Hainan unveils measures to foster blockchain industry

2019-12-05 11:12

South China's Hainan Province on Wednesday released a set of measures to speed up the development of the blockchain industry.

Macaos gaming revenue down by 8.5 pct in November

Macao's gaming revenue down by 8.5 pct in November

2019-12-02 15:10

Macao's gaming industry revenue decreased by 8.5 percent year-on-year in November.

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