Financial Institutions

Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms

Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms

Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms. The Chinese unit of UK insurance giant Willis Group Holdings…

Apr 29, 2018
Dou Shicong
Haitong Securities Looks to Raise CNY20 Billion in Non-Public Financing

Haitong Securities Looks to Raise CNY20 Billion in Non-Public Financing

Haitong Securities Co., one of China's largest brokerage firms, has pledged to raise CNY20 billion (USD3.2 billion) by issuing non-public A-shares to burnish the company's balance sheet.

Apr 27, 2018
Tang Shihua
Illegal Fundraising Remains Big Problem in China Despite Fall in Cases, CBIRC Says

Illegal Fundraising Remains Big Problem in China Despite Fall in Cases, CBIRC Says

China still faces grave challenges in its fight against illegal fundraising despite a fall in cases and the overall amount…

Apr 24, 2018
Song Yikang
Blockchain Has Too Many Bamboozlers, Allen Zhu Says

Blockchain Has Too Many Bamboozlers, Allen Zhu Says

There are too many swindlers in the blockchain sector, which is sizzling because "getting rich quickly has stimulated many investment institutions," said renowned Chinese…

Apr 20, 2018
Qiu Zhili
Hibor Hits Nine-Year High After HKMA Purchases Total of HKD51.3 Billion

Hibor Hits Nine-Year High After HKMA Purchases Total of HKD51.3 Billion

The three-month Hong Kong Inter Bank Offered Rate (Hibor) jumped to its highest level since December 2008 following purchases of…

Apr 20, 2018
Zhou Ailin
Chinese Brokerage Firms’ Overseas Operations Provided Substantial Revenue Last Year

Chinese Brokerage Firms’ Overseas Operations Provided Substantial Revenue Last Year

China’s brokerage firms listed on the A-shares market posted substantial overseas business revenues for last year, indicating such operations have become a new source for income growth.

Apr 19, 2018
Dou Shicong
China Insurance Security Fund to Pump USD9.7 Bln Lifeline to Troubled Anbang to Protect Its Customers

China Insurance Security Fund to Pump USD9.7 Bln Lifeline to Troubled Anbang to Protect Its Customers

China’s insurance regulator approved China Insurance Security Fund Co.’s plan to inject new funds to troubled Anbang Property & Casualty…

Apr 4, 2018
Xu Wei
Shenzhen Nudges P2P Lenders to File for Compliance as Deadline Looms

Shenzhen Nudges P2P Lenders to File for Compliance as Deadline Looms

The Office of Financial Development and Services in China’s southern tech hub Shenzhen has held disciplinary interviews with 10…

Apr 3, 2018
Liao Shumin
China UnionPay Allies With Tencent’s WeChat Pay for Barcode Payments

China UnionPay Allies With Tencent’s WeChat Pay for Barcode Payments

China UnionPay Co. has formed a QR code payment partnership with WeChat Pay, a third-party payment service run by internet giant Tencent…

Apr 2, 2018
Dou Shicong
Yuan Stays Stable Within Strong Range This Week as Traders Shun Dollar

Yuan Stays Stable Within Strong Range This Week as Traders Shun Dollar

 The yuan-dollar central parity was set to 6.2785 March 28 as China’s currency returned to a zenith following the exchange reform…

Mar 30, 2018
Zhou Ailin
China Boasts Eight Global Financial Hubs, UK Report Finds

China Boasts Eight Global Financial Hubs, UK Report Finds

A leading UK consultancy has listed eight Chinese cities in its latest ranking of 96 global financial centers, with Shanghai unchanged in sixth place.

Mar 30, 2018
Yin Jingfei
 China's Fund Industry Maintain Cautious Optimism About Returns This Year

China's Fund Industry Maintain Cautious Optimism About Returns This Year

Investors pursue a wait-and-see policy about China’s funds due to the weak performance of the A-share market early this…

Mar 29, 2018
Xie Danmin

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