Financial Institutions

 UnionPay’s Overseas Mobile Payments Tripled Over Chinese New Year

UnionPay’s Overseas Mobile Payments Tripled Over Chinese New Year

The number of overseas transactions made via bank card provider China UnionPay Co.’s mobile payments system almost tripled on the…

Feb 27, 2018
Dou Shicong
Chinese Futures Pioneer Gets Approval for New Exchange in Singapore

Chinese Futures Pioneer Gets Approval for New Exchange in Singapore

The Asia Pacific Exchange, an international derivatives exchange led by one of China’s futures market gurus, has obtained approval from…

Feb 27, 2018
Dou Shicong
China Takes Control of Anbang Insurance to Curtail M&A Deals; Founder Faces Court

China Takes Control of Anbang Insurance to Curtail M&A Deals; Founder Faces Court

Chinese authorities have seized control of Anbang Insurance Group Co. in a rare move designed to curb the enthusiasm of…

Feb 23, 2018
Tang Shihua
HKEx May Appoint Financial Services Development Council Leader as Board Chairman

HKEx May Appoint Financial Services Development Council Leader as Board Chairman

Hong Kong Stock Exchange will appoint the Laura Cha, chairman of the special administrative region’s Financial Services Development Council, to…

Feb 14, 2018
Dou Shicong
Chinese Watchdogs Cap Insurers’ Onshore-Backed Overseas Financing

Chinese Watchdogs Cap Insurers’ Onshore-Backed Overseas Financing

Two Chinese regulators have paired up to limit insurance companies' onshore-backed offshore financing to ensure sustained and healthy development of…

Feb 13, 2018
Xu Wei
UnionPay Finds Foothold Overseas, Powers Ahead in Belt and Road Nations

UnionPay Finds Foothold Overseas, Powers Ahead in Belt and Road Nations

The international arm of Chinese financial services provider China UnionPay Co. issued 20 million new cards last year as the value of transactions rose almost 40 percent.

Feb 12, 2018
Xu Wei
China Asks EU to Rethink Proposed Rules for Non-EU Financial Institutions

China Asks EU to Rethink Proposed Rules for Non-EU Financial Institutions

China has asked the European Union to reconsider proposed supervision rules requiring non-EU financial institutions with assets of at least…

Jan 31, 2018
Tang Shihua
AIIB-Funded Project Improves Access to National Power Grid in Bangladesh

AIIB-Funded Project Improves Access to National Power Grid in Bangladesh

A project the Asian Infrastructure Investment Bank funded has helped improve access to the national power grid in Bangladesh, state-run Xinhua News Agency reported.

Jan 24, 2018
Xu Wei
Pingan Life Forecasts USD15 Mln Saving via AI Technology in Next Five Years

Pingan Life Forecasts USD15 Mln Saving via AI Technology in Next Five Years

China’s enterprises have an appetite for artificial intelligence as it makes business easier in a country of nearly 1.4 billion.…

Jan 19, 2018
Yang Qianwen
China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank (CDB) committed more than USD250 billion in loans by the end of last year.

Jan 16, 2018
Xu Wei
AIIB to Collaborate With IFIs, Private Companies to Fund Capital-Intensive Projects, Says Its President

AIIB to Collaborate With IFIs, Private Companies to Fund Capital-Intensive Projects, Says Its President

The Asian Infrastructure Investment Bank is supplementary to the World Bank and other international financial institutions, or IFIs, and this…

Jan 16, 2018
Xu Wei
Zhongrong International Trust Defers Payment for Two Financial Products in Yunnan

Zhongrong International Trust Defers Payment for Two Financial Products in Yunnan

Lending money to State-owned Assets Supervision and Administration Commission-affiliated enterprises is supposed to be risk-free, but it is not the case anymore.

Jan 15, 2018
Xia Xinyu

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