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Chinese banks to support renovation of old communities
Two Chinese banks will issue loans totaling 436 billion yuan within the next five years to support the renovation of old urban residential areas.
China's bank wealth management products total 23.4 trln yuan at end of 2019
China's banking system had a total of 23.4 trillion yuan of outstanding non-guaranteed WMPs at the end of 2019, up 6.15 percent from one year earlier.
Chinese export insurance company maintains steady business growth in H1
The China Export & Credit Insurance Corporation had served over 126,000 clients, increasing 21.1 percent year on year in the first six months.
China Life Insurance reports premium income growth in H1
China Life Insurance Co., one of the country's biggest insurers, posted premium income growth in the first half of 2020.
China takes over nine financial institutions for one year
China's financial authorities announced the takeover of nine financial institutions for one year from Friday.
Risks to China's small, medium banks controllable: regulator
China's small and medium-sized banks are in stable operation and the risks they face are controllable.
China's insurance sector reports premium growth in first half
In the first half of this year, premium income of life insurance firms rose by 6 percent year on year to 2 trillion yuan.
China to further contain risks in shadow banking
China will further crack down on illegal activities in the shadow banking sector as part of efforts to contain financial risks.
Wealth Management Connect to facilitate capital flow in China's GBA
Wealth Management Connect will help promote investment diversification and facilitate the flow of capital in the GBA.
China's leading insurer reports higher premium incomes in H1
The People's Insurance Company (Group) of China on Monday reported premium incomes of 335.05 billion yuan in the first half of the year.
Chinese banking sector's assets up 9.8 pct
By the end of June, the total assets of China's banking industry reached 301.5 trillion yuan , up 9.8 percent from a year earlier.
CITIC Securities posts surging net profits in June
Net profits for the company increased by 38.86 percent year on year to 947 million yuan (about 135 million U.S. dollars) last month.
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