Financial Institutions

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
Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Mar 29, 2018
Song Yikang
Former Anbang Chairman Faces Charge of Fraud and Embezzlement

Former Anbang Chairman Faces Charge of Fraud and Embezzlement

A Shanghai court on Wednesday heard a case of Wu Xiaohui, former chairman and general manager of Anbang Insurance Group,…

Mar 29, 2018
Xinhua
Former Anbang Chairman Stands Trial in Shanghai

Former Anbang Chairman Stands Trial in Shanghai

Wu Xiaohui, former chairman and general manager of Anbang Group, stands trial Wednesday for fundraising fraud and embezzlement at the No 1 Intermediate People's Court in Shanghai.

Mar 28, 2018
China Daily
China UnionPay, ACI Worldwide Team Up to Tap Global E-Pay Market

China UnionPay, ACI Worldwide Team Up to Tap Global E-Pay Market

China UnionPay International Co. has struck a global partnership deal with ACI Worldwide Inc., a world leader in real-time electronic…

Mar 22, 2018
Xu Wei
Securities Regulator Orders Ant Hangzhou Fund to Rectify Illegal Sales Behavior

Securities Regulator Orders Ant Hangzhou Fund to Rectify Illegal Sales Behavior

The Zhejiang Securities Regulatory Bureau under China Securities Regulatory Commission, CSRC, has ordered Ant (Hangzhou) Fund Sales Co., affiliated to…

Mar 22, 2018
Xu Wei
China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China’s central bank is cutting access restrictions to its CNY169 trillion (USD27 trillion) online payments market as the country looks…

Mar 22, 2018
Tang Shihua
Ping An’s Fintech Unit Turns Profit for First Time Amid Wealth Management Growth

Ping An’s Fintech Unit Turns Profit for First Time Amid Wealth Management Growth

The fintech unit of China's second-biggest insurance company, Ping An Insurance Co., has recorded a full-year profit for the first time driven by rapid growth in wealth management operations.

Mar 21, 2018
Liao Shumin
Hong Kong Securities Regulator Stops ICO in Latest Crackdown on Digital Currencies

Hong Kong Securities Regulator Stops ICO in Latest Crackdown on Digital Currencies

The securities regulator of China’s Hong Kong Special Administrative Region has intervened in an initial coin offering in the city,…

Mar 20, 2018
Xu Wei
AIIB Signs Its First Investment Project Contract in China

AIIB Signs Its First Investment Project Contract in China

The Asian Infrastructure Investment Bank (AIIB) signed the contract for its first investment project in China yesterday, per which…

Mar 20, 2018
Dou Shicong
China’s Life Insurance Premiums Saw First January Decline Since 2013 This Year

China’s Life Insurance Premiums Saw First January Decline Since 2013 This Year

Total premium incomes in China’s life insurance sector slumped 11.4 percent in January, continuing a downward trend from last year as original premium income declined.

Mar 14, 2018
Xu Wei

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