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China welcomes foreign-funded payment institutions
PBOC said the access limits for foreign-funded payment institutions would be removed and applications to operate such a business are welcome.
Swiss central bank posts record 2017 profit of 57 bln USD after franc slide
The Swiss National Bank (SNB) said Thursday it posted a record 54 billion Swiss franc (57 billion U.S. dollars) profit in 2017.
China toughens supervision on third party payment
China's third-party payment companies may face intensified competition as regulators step up oversight of the industry to prevent financial risks.
China to strengthen inclusive finance in rural areas
China will make rural area the key focus in developing inclusive finance to improve financial institutions' rural vitalization strategies.
Shanghai bourse approves Didi's 1.58-bln-USD asset-backed securities
The Shanghai Stock Exchange approved an application allowing Didi Chuxing to raise 10 billion yuan through an issuance of asset-backed securities.
China's housing prices continue to stabilize
Housing prices remained largely stable in major Chinese cities in February amid the government's tough purchase restrictions.
China intensifies punishment for credit defaulters
Credit Defaulters will be restricted from real estate transactions, as well as taking planes and trains,according to NDRC.
Two banks fined for violating payment clearing rules
The China Minsheng Bank's Xiamen branch and Pingan Bank have violated rules concerning management of clearing.
ICBC Vientiane eyes to become leading bank in Laos
Established in 2011, the Industrial and Commercial Bank of China (ICBC) Vientiane Branch aims to become a leading commercial bank in Laos.
China's privately offered funds expand in February
The total value of privately offered funds stood at 12 trillion yuan (about 1.9 trillion U.S. dollars) at the end of February.
China insurance sector's premium income falls
China's insurance industry premium income fell 19.9 percent to 685 billion yuan (109 billion U.S. dollars) in January.
China to be bolder in opening up financial sector: central bank governor
China will be bolder in the opening up of its financial sector, Zhou Xiaochuan, the country's central bank governor, said here Friday.
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
