Financial Institutions

[Exclusive] China to Issue New Rules for Online Micro-Lending Next Week, With No Blanket Ban on Cash Loans

[Exclusive] China to Issue New Rules for Online Micro-Lending Next Week, With No Blanket Ban on Cash Loans

The China Banking Regulatory Commission (CBRC) is drafting administrative rules for online micro-lending, which will be released next week. However,…

Nov 24, 2017
Xu Wei
East Money Information Gets License to Trade Futures Contracts in Hong Kong

East Money Information Gets License to Trade Futures Contracts in Hong Kong

The Securities and Futures Commission of Hong Kong has granted the Hong Kong subsidiary of East Money Information Co. [SHE:300059],…

Nov 24, 2017
Dou Shicong
China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year

China Europe International Exchange Aims to Issue First Batch of D-Shares in Frankfurt Next Year

China Europe International Exchange AG, Frankfurt, D-Share, Deutsche Börse AG

Nov 22, 2017
Dou Shicong
Norway’s Sovereign Wealth Fund Mulls Dumping Oil, Gas Assets

Norway’s Sovereign Wealth Fund Mulls Dumping Oil, Gas Assets

The Norwegian sovereign wealth fund, the largest of its kind in the world, recently submitted a report to China’s Ministry…

Nov 22, 2017
Liao Shumin
China’s Ping An Insurance Group Becomes World’s Second Largest Insurer by Market Cap

China’s Ping An Insurance Group Becomes World’s Second Largest Insurer by Market Cap

The A-share price and H-share price of Ping An Insurance (Group) Company of China [SHA: 601318] have both doubled since…

Nov 22, 2017
Xu Wei
Three Listed Chinese Firms Contribute to New USD150 Million Tech Insurance Company

Three Listed Chinese Firms Contribute to New USD150 Million Tech Insurance Company

Three listed companies based in Beijing are among a group of firms planning to invest a total CNY1 billion (USD150.9…

Nov 22, 2017
Tang Shihua
Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

Insurance Original Premium Income Climbs 21% in the First Nine Months, CIRC Reports

China’s insurance industry registered original premium income of USD450 billion (CNY3 trillion) in the first nine months, increasing by 21…

Nov 21, 2017
Liao Shumin
Lenovo Beats Dell to Second Place in Indian PC Market in Q3, HP Remains Top, IDC Says

Lenovo Beats Dell to Second Place in Indian PC Market in Q3, HP Remains Top, IDC Says

Chinese PC brand Lenovo Group Ltd. [HK:3396] has overtaken US computer giant Dell Technology. Inc. [NYSE:DVMT] to become the second-largest…

Nov 21, 2017
Zhang Xia
Faruqi & Faruqi Investigates Chinese Fintech Firm Qudian

Faruqi & Faruqi Investigates Chinese Fintech Firm Qudian

Chinese fintech company Qudian Inc. [NYSE:QD] was the subject of an investigation initiated by Faruqi & Faruqi LLP, a leading…

Nov 21, 2017
Dou Shicong
CSRC to Set Up New Inspection Committee for IPOS, Refinancing and M&As

CSRC to Set Up New Inspection Committee for IPOS, Refinancing and M&As

The Party Committee at China Securities Regulatory Commission (CSRC) has decided to set up the Inspection Committee on Issuance, Mergers…

Nov 21, 2017
Liao Shumin
China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's Insurance Funds Used in First Three Quarters Hit USD2.22 Trillion

China's insurance funds used in the first nine months of this year amounted to CNY14.6 trillion (USD2.2 trillion), up nearly…

Nov 21, 2017
Xu Wei
China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

China’s Insurance Watchdog Reprimands Three Firms for Selling Non-Compliant Products

The China Insurance Regulatory Commission (CIRC) has punished Great Wall Life Insurance Co., BoComm Life Insurance Co. and ABC Life…

Nov 21, 2017
Xu Wei

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