Financial Institutions

China UnionPay Stays Top of Global Card Rankings, Handling USD14.7 Trillion

China UnionPay Stays Top of Global Card Rankings, Handling USD14.7 Trillion

China UnionPay Co., the country’s biggest bank card provider, has retained its leading position in the global bank card clearing market for the amount of money handled.

May 23, 2018
Dou Shicong
Foreign Banks’ China Success Will Strengthen Nation’s Financial System, CIC Executive Says

Foreign Banks’ China Success Will Strengthen Nation’s Financial System, CIC Executive Says

If foreign financial institutions come to China and succeed, the Asian nation will have a stronger financial system and a…

May 21, 2018
Song Yikang
China’s Financial Supervision Should Remain Separate From Institutions, PBOC Official Says

China’s Financial Supervision Should Remain Separate From Institutions, PBOC Official Says

Financial supervision cannot give way to the moral hazards of financial institutions, and the basic framework of financial supervision based…

May 21, 2018
Xu Wei
JPMorgan Ups Its China Profile to Set Up a New Securities Company

JPMorgan Ups Its China Profile to Set Up a New Securities Company

J.P. Morgan Corporate & Investment has applied to China’s securities regulator to form and control a joint-venture brokerage, it announced today. It plans…

May 14, 2018
Xu Wei
JPMorgan Follows UBS, Nomura With Plans for Controlling Stake in China Securities Unit

JPMorgan Follows UBS, Nomura With Plans for Controlling Stake in China Securities Unit

JPMorgan Chase & Co.’s Hong Kong unit has applied to set up a majority-owned securities joint venture under new rules that give foreign brokerages greater control over their local operations.

May 11, 2018
Liao Shumin
Kaidi Ecological's Default May Affect Debt Holders

Kaidi Ecological's Default May Affect Debt Holders

A recent default at clean-energy business platform Kaidi Ecological and Environmental Technology Co. could affect institutions that hold the company's bonds, Yicai Global has learned.

May 9, 2018
Zhou Ailin
Nomura Holdings Is Next in Line for Majority-Owned Securities Venture in China

Nomura Holdings Is Next in Line for Majority-Owned Securities Venture in China

Japan's Nomura Holdings Inc. has applied to establish a majority-owned securities joint venture on the Chinese mainland to take advantage of relaxed regulations over ownership restrictions.

May 9, 2018
Zhou Ailin
China Mingsheng Investment, CP Group to Build Entertainment Meccas in Rural China

China Mingsheng Investment, CP Group to Build Entertainment Meccas in Rural China

China Minsheng Investment Group (CMIG), one of the country's biggest private investment managers, plans to team up with a Thai…

May 8, 2018
Tang Shihua
Xiamen, Taiwan Firms Get Green Light for First Cross-Straits Consumer Finance Firm

Xiamen, Taiwan Firms Get Green Light for First Cross-Straits Consumer Finance Firm

Two financial companies have got the nod from local authorities to set up the first cross-strait consumer finance company with…

May 7, 2018
Dou Shicong
China Dishes Out Fines to 24 Forex Rule Breakers

China Dishes Out Fines to 24 Forex Rule Breakers

China’s foreign exchange regulator has named and shamed 24 financial institutions, companies and individuals for ignoring or seeking to flaunt the rules to get cash in and out of the country.

May 7, 2018
Liao Shumin
Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank

Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank

Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank. The Asian Infrastructure Investment Bank has approved Kenya…

May 3, 2018
Xu Wei

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