China Stock Market
Express Messages
Commercial banks' asset management subsidiaries face challenges
Many Chinese commercial banks have set up asset management subsidiaries to create a transformation in their money management business.
China's central bank regulates forced cashless payment
PBOC is taking measures to ban business practices of refusing or discriminating against cash payments to deal with over-hype of a cashless society.
China approves set-ups of branches of overseas banks
CBIRC approved the application of Arab Bank for setting up a branch in Shanghai and CTBC Bank for establishing a branch in Shenzhen.
Credit defaulters forced to repay 520 bln yuan in 1st half of 2018
Enforcement of court orders has enabled 520 billion yuan (78.5 billion U.S. dollars) in defaults to be repaid across China in the first half of 2018.
Iran downplays impact of U.S. sanction threats on oil exports
Iranian Petroleum Ministry: there has been no major change in Iran's production and export of crude oil despite U.S. sanction threats.
Guotai Junan Securities granted two awards by The Asset
Guotai Junan Securities won two awards “Best Private Funds Custodian, China” and “Best Alternatives Fund Administrator, China” .
India grants license to Bank of China to operate in Mumbai
India's central bank, the Reserve Bank of India (RBI), has granted license to the Bank of China to operate its branch in Mumbai.
Central government to assign pension insurance fund in China
The central government will establish a national pension insurance fund to tackle imbalances between provinces.
Number of licensed corporations reaches a record high
The number of licensed corporations was raised by 9 percent to 2,702, which had reached a record high.
Internet finance in China enjoys renewed boom
China's internet finance sector thrived again this year amid the tightening up of government regulations.
World Bank loan to support poverty reduction in China's Guangxi
The World Bank has approved a loan of 400 million U.S. dollars to help poverty reduction in southwest China's Guangxi Zhuang Autonomous Region.
China's rural policy bank tops poverty-relief loan issuance
China's rural policy bank saw its outstanding loans for poverty reduction reach 1.3 trillion yuan in May.
Feature: Tourism rejuvenates old Silk Road town
Feature: Chinese digital company seeking growth in U.S.
To Sort Anbang’s Assets, Chinese Authorities Create Dajia
UBS: The globe is headed for a recession if U.S-China trade talks fails
