Financial Institutions

Chalco, China Pacific Insurance to Set Up USD1.5 Billion Debt Investment Plan

Chalco, China Pacific Insurance to Set Up USD1.5 Billion Debt Investment Plan

Aluminum Corporation of China Ltd. [SHA:601600;HKG:2600;NYSE:ACH], the world’s second-largest alumina maker and better known as Chalco, has signed a strategic cooperation…

Sep 14, 2017
Dou Shicong
Securities Brokers Must Set Up Deferred Payment Mechanism for Staff Bonuses, CSRC Says

Securities Brokers Must Set Up Deferred Payment Mechanism for Staff Bonuses, CSRC Says

Securities brokers must establish a deferred payment mechanism for business personnel bonuses, and may not grant one-time bonus payments, the…

Sep 11, 2017
Liao Shumin
Shenzhen Gets Early Support to Pilot House-for-Pension Scheme

Shenzhen Gets Early Support to Pilot House-for-Pension Scheme

City legislators in the city of Shenzhen in China’s southern Guangdong province have received initial policy support to run a…

Sep 8, 2017
Xu Wei
Chinese Bitcoin Mine Bags Millions of Dollars in Investment From GeekBeans Capital

Chinese Bitcoin Mine Bags Millions of Dollars in Investment From GeekBeans Capital

Chinese cryptocurrency mine Kuangshi Yunsuan has received a strategic investment of tens of millions of yuan from domestic investor GeekBeans Capital, online media outlet Jiemian News reported.

Sep 7, 2017
Tang Shihua
Shanxi Securities' Hong Kong Subsidiary Receives Overseas Investor License

Shanxi Securities' Hong Kong Subsidiary Receives Overseas Investor License

China Securities Regulatory Commission has granted Shanxi Securities Co.’s [SHE:002500] Hong Kong asset management firm a Qualified Foreign Institutional Investor License.

Sep 7, 2017
Dou Shicong
CIRC to Make China’s Insurance Market More Attractive to Foreign Firms

CIRC to Make China’s Insurance Market More Attractive to Foreign Firms

China’s insurance has done well in opening up, introducing plans to expand the scope of opening up and encouraging foreign…

Sep 6, 2017
Xu Wei
Cathay Insurance Cuts First-Half Losses by USD10 Million With Ant Financial at Helm

Cathay Insurance Cuts First-Half Losses by USD10 Million With Ant Financial at Helm

Cathay Insurance Co., which has struggled with losses in recent years, reported a significant rise in revenue and cut losses…

Sep 6, 2017
Yang Qianwen
Huawei Will Digitally Transform China Pacific Insurance

Huawei Will Digitally Transform China Pacific Insurance

China Pacific Insurance (Group) Co. (CPIC) [SHA:601601] has struck an agreement with telecom equipment giant Huawei Technologies Co. in Shanghai…

Sep 6, 2017
Dou Shicong
China’s Attorney General Investigates Ex-CBRC Chairman’s Aide for Suspected Bribery

China’s Attorney General Investigates Ex-CBRC Chairman’s Aide for Suspected Bribery

The Supreme People's Procuratorate of the People's Republic of China filed a case against and is investigating Yang Jiacai, a…

Sep 5, 2017
Zhang Xia
Chinese Insurers’ Premium Income Grew 21.3% to USD380 Billion In First Seven Months, CIRC Says

Chinese Insurers’ Premium Income Grew 21.3% to USD380 Billion In First Seven Months, CIRC Says

China’s insurance companies reported premium income of CNY2.53 trillion (USD383 billion), up 21.3 percent annually, in the period January through…

Sep 1, 2017
Xu Wei

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