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Financial Institutions

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
SFC Freezes Client Accounts at Three Securities Firms Due to Suspected Market Manipulation

SFC Freezes Client Accounts at Three Securities Firms Due to Suspected Market Manipulation

Securities and Futures Commission of Hong Kong yesterday issued restriction notices to Caitong International Securities Co., Pacific Foundation Securities Ltd.…

Aug 31, 2017
Xu Wei
China’s Supreme People’s Procuratorate Investigates Ex-Head of Insurance Regulator

China’s Supreme People’s Procuratorate Investigates Ex-Head of Insurance Regulator

China’s Supreme People’s Procuratorate is investigating Yao gang, ex-vice chairman of China Securities Regulation Commission, on suspicion of taking bribes,…

Aug 31, 2017
Dou Shicong
NCI’s Insurance Business Falls 14% in First Half; CSF, Social Security Fund Increase Holdings

NCI’s Insurance Business Falls 14% in First Half; CSF, Social Security Fund Increase Holdings

New China Life Insurance Co. (NCI) [SHA:601336;HKG:1336], commonly called Xinhua Insurance, reported insurance business income of approximately CNY61.24 billion (USD9.29 billion) for the first six…

Aug 30, 2017
Xu Wei
Over 30 Chinese Authorities to Tighten Discipline for Insurance Offences

Over 30 Chinese Authorities to Tighten Discipline for Insurance Offences

The China Insurance Regulatory Commission, National Development and Reform Commission and People’s Bank of China are among over 30 departments…

Aug 30, 2017
Dou Shicong
Insurance Sector Risks Are Generally Controllable, Short-Term Products in Decline, CIRC Says

Insurance Sector Risks Are Generally Controllable, Short-Term Products in Decline, CIRC Says

Risks facing China’s insurance sector are generally controllable but the public must be aware of partial liquidity risks, corporate risks,…

Aug 29, 2017
Xu Wei

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