Financial Institutions

Ping An Insurance Controls Data About 880 Million Chinese Users, Says Company Executive

Ping An Insurance Controls Data About 880 Million Chinese Users, Says Company Executive

Big Data can detect those who lie about their incomes when buying wealth management products, industry professionals said. This is…

Sep 21, 2017
Liao Shumin
China’s Major Insurance Firms Encouraged to Invest in USD10.2 Bln Aged Care Community Projects, Regulator Says

China’s Major Insurance Firms Encouraged to Invest in USD10.2 Bln Aged Care Community Projects, Regulator Says

As of end-June 2017, there are a total of eight insurance mechanisms investing in 29 aged care community projects, with…

Sep 21, 2017
Liao Shumin
Tencent Becomes Strategic Investor in Joint-Venture Investment Bank CICC

Tencent Becomes Strategic Investor in Joint-Venture Investment Bank CICC

China’s first joint venture investment bank, China International Capital Corp. (CICC) [HKG:3908] has brought in internet giant Tencent Holdings Ltd. [HKG:0700] as a…

Sep 21, 2017
Liao Shumin
American Hedge Fund Aristeia Capital Wages Proxy Battle With Sina

American Hedge Fund Aristeia Capital Wages Proxy Battle With Sina

American hedge fund Aristeia Capital LLC, one of the large shareholders of Sina Corp., [NASDAQ:SINA] has waged a proxy battle…

Sep 20, 2017
Liao Shumin
Foreign Private Equity Firms Adopt Localization Strategy to Seize Share in China’s Multi-Trillion-Yuan Asset Management Market

Foreign Private Equity Firms Adopt Localization Strategy to Seize Share in China’s Multi-Trillion-Yuan Asset Management Market

Fullerton Fund Management's wholly foreign-owned enterprise, Fullerton Investment Management (Shanghai) Co., has been granted ‘Private Fund Management’ (PFM) approval from…

Sep 19, 2017
Liao Shumin
First Capital Denies Rumors JD.com Is in Talks to Buy 24% Stake in It

First Capital Denies Rumors JD.com Is in Talks to Buy 24% Stake in It

First Capital Securities Co. [SHE:002797], a Shenzhen-based innovation securities broker, has denied rumors e-commerce giant JD.com Inc. [NASDAQ:JD] is in…

Sep 15, 2017
Dou Shicong
Securities Association of China Urges Brokers to End War on Trade Commissions, May Set Minimum Fee

Securities Association of China Urges Brokers to End War on Trade Commissions, May Set Minimum Fee

"If the war on trading commissions continues, there will be no way out" was the general consensus reached by participating…

Sep 15, 2017
China’s Central Bank Fines Third-Party Payment Platforms for Non-Compliance Again

China’s Central Bank Fines Third-Party Payment Platforms for Non-Compliance Again

The Shanghai office of China’s state bank, the People's Bank of China (PBOC), has imposed fines on seven third-party payment institutions so…

Sep 15, 2017
Liao Shumin
Chalco, China Pacific Insurance to Set Up USD1.5 Billion Debt Investment Plan

Chalco, China Pacific Insurance to Set Up USD1.5 Billion Debt Investment Plan

Aluminum Corporation of China Ltd. [SHA:601600;HKG:2600;NYSE:ACH], the world’s second-largest alumina maker and better known as Chalco, has signed a strategic cooperation…

Sep 14, 2017
Dou Shicong
Securities Brokers Must Set Up Deferred Payment Mechanism for Staff Bonuses, CSRC Says

Securities Brokers Must Set Up Deferred Payment Mechanism for Staff Bonuses, CSRC Says

Securities brokers must establish a deferred payment mechanism for business personnel bonuses, and may not grant one-time bonus payments, the…

Sep 11, 2017
Liao Shumin

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