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China to approve first foreign-funded securities company by year-end

China to approve first foreign-funded securities company by year-end

2018-11-30 10:28

Insiders predicted that the first foreign-funded securities companies are expected to come into being by year-end.

British banking system would survive even worst Brexit: Bank of England

British banking system would survive even worst Brexit: Bank of England

2018-11-29 14:32

The British banking system would survive the worst Brexit that would throw at it, according to comprehensive set of tests revealed by the BoE.

Nation raises foreign banks debt quota

Nation raises foreign banks' debt quota

2018-11-28 09:17

NDRC allows foreign banks in China to apply for government approval for a quota increase in their medium to long-term foreign debt for 2019.

China improve supervision of systemically important financial institutions

China improve supervision of systemically important financial institutions

2018-11-28 09:01

Authorities have made public a guideline to improve the supervision of financial institutions.

Chinas pension fund reaps 5.23 pct in investment return last year

China's pension fund reaps 5.23 pct in investment return last year

2018-11-27 15:10

Total return reached 8.78 billion yuan (about 1.2 billion U.S. dollars) last year, with an annual return rate of 5.23 percent.

Chinas mobile payment surge in Q3

China's mobile payment surge in Q3

2018-11-27 09:59

Mobile payment transactions have exceeded 16.9 billion, an increase of 74 percent when compared with the figure a year earlier.

Allianz to set up Chinas first foreign-owned insurance company

Allianz to set up China's first foreign-owned insurance company

2018-11-27 09:33

German insurance giant Allianz obtained China's approval on Monday to set up a subsidiary in the Chinese mainland.

Chinas leading banks to set up wealth management subsidiaries

China's leading banks to set up wealth management subsidiaries

2018-11-27 08:56

ICBC set up a wealth management subsidiary with a registered capital of 16 billion yuan and ABC's 12 billion yuan.

Chinas financial holding companies to face tougher supervision

China's financial holding companies to face tougher supervision

2018-11-26 11:43

Senior managers of China's financial firms have called for stricter supervision of financial holding companies.

Chinese banks find new cure for capital-thirsty private enterprises

Chinese banks find new cure for capital-thirsty private enterprises

2018-11-26 10:04

The Industrial and Commercial Bank of China (ICBC) has mapped out a three-year plan to boost capital support to private businesses.

Overseas financial institutions gain greater access to Chinese market

Overseas financial institutions gain greater access to Chinese market

2018-11-26 09:00

With aproval from a Chinese market regulator, a number of overseas financial institutions are ready to expand their presence in the Chinese mainland.

Chinas lottery sales up 12.2 pct in October

China's lottery sales up 12.2 pct in October

2018-11-25 09:16

China's lottery sales rose 12.2 percent year on year to 42.23 billion yuan (about 6 billion U.S. dollars) in October, official data showed.

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