Financial Institutions

CSRC Spurns Two Companies’ Restructuring Plans in One Week, Citing Targets’ Doubtful Profitability

CSRC Spurns Two Companies’ Restructuring Plans in One Week, Citing Targets’ Doubtful Profitability

Within one week, the China Securities Regulatory Commission (CSRC) has rejected the restructuring plans of two listed firms on grounds of the dubious profitability of their target companies.

Oct 24, 2017
Yang Jiao
China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

China’s Insurance Regulator Dismisses Speculation It Will Reinstate Industry Qualification Exams

Online speculation that the China Insurance Regulatory Commission will resume its qualification test for insurance agents is just a rumor, the regulator said yesterday.

Oct 24, 2017
Dou Shicong
Shenzhen, Toronto Stock Exchanges Team Up to Serve Innovative Tech Firms, Integrate Cross-Border Capital

Shenzhen, Toronto Stock Exchanges Team Up to Serve Innovative Tech Firms, Integrate Cross-Border Capital

Shenzhen Stock Exchange and Toronto stock exchange operator TMX Group Ltd. [TSE:X] have signed a memorandum of understanding to boost…

Oct 17, 2017
Dou Shicong
China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

China’s Insurance Regulator Okays Tencent’s Insurance Intermediary

Shenzhen-based Weimin Insurance Agency, founded by Chinese internet giant Tencent Holdings Ltd. [HKG:0700] and Taiwan’s Fubon Financial Holding Co., has…

Oct 12, 2017
Dou Shicong
PICC Approved to Open Endowment Insurance Company, Incorporated in Xiongan New Area

PICC Approved to Open Endowment Insurance Company, Incorporated in Xiongan New Area

The People's Insurance Company (Group) of China Limited [HK:1339], a super-large state-owned insurance group in China, received a green light…

Oct 12, 2017
Dou Shicong
Hong Kong SFC to Implement Real-Name Registration for Investors Using Stock Connect, Chairman Says

Hong Kong SFC to Implement Real-Name Registration for Investors Using Stock Connect, Chairman Says

The Securities & Futures Commission (SFC) of Hong Kong and China Securities Regulatory Commission are cooperating on a new supervision…

Oct 10, 2017
Dou Shicong
China Investment Corporation Has Become the Second-Largest Sovereign Wealth Fund on Its Decennial

China Investment Corporation Has Become the Second-Largest Sovereign Wealth Fund on Its Decennial

China Investment Corp.(CIC) is commemorating the 10th anniversary of its founding. Currently holding USD900 billion in assets, it has now surpassed the Abu…

Sep 29, 2017
Dou Shicong
Shanghai and Luxembourg Stock Exchanges Will Cooperate on Green Bonds

Shanghai and Luxembourg Stock Exchanges Will Cooperate on Green Bonds

The Shanghai Stock Exchange (SSE) and the Luxembourg Stock Exchange (LuxSE) reached a strategic agreement to jointly promote further cooperation

Sep 29, 2017
Dou Shicong
The USD1.5 Billion Fund CIRC Invested in Beijing-Shanghai Express Railway Is Profitable, It Says

The USD1.5 Billion Fund CIRC Invested in Beijing-Shanghai Express Railway Is Profitable, It Says

The CNY10-billion (USD1.5-billion) insurance fund that China Insurance Regulatory Commission invested in construction of the Beijing-Shanghai Express is profitable, state-owned…

Sep 28, 2017
Xu Wei
Banks, Payment Service Operators Conduct Stress Test on Nets Union System

Banks, Payment Service Operators Conduct Stress Test on Nets Union System

Nets Union Clearing Corp.’s platform for integrating various payment institutions recently initiated a combined stress test after running for nearly…

Sep 27, 2017
Tang Shihua
Hong Kong Asset Management Firm Teams Up With Forbes to Offer Branded Financial Products

Hong Kong Asset Management Firm Teams Up With Forbes to Offer Branded Financial Products

Value Partners Group Ltd. [HKG:0806], a Hong Kong-based assets management firm, has set up a strategic cooperation with renowned business…

Sep 27, 2017
Dou Shicong
August Sees 10%+ Growth in China Financial Institutions’ Assets, Liabilities for Year Low, CBRC Says

August Sees 10%+ Growth in China Financial Institutions’ Assets, Liabilities for Year Low, CBRC Says

China had USD36.20 trillion (CNY238.95 trillion) of banking financial institutions’ assets at the end of last month, up by 11…

Sep 26, 2017
Xu Wei

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