Financial Institutions

Leading Platform to End P2P Lending Within Three Years Due to Regulatory Pressure

Leading Platform to End P2P Lending Within Three Years Due to Regulatory Pressure

Hongling Capital, a Chinese online lending platform established eight years ago, plans to clean up all of its existing products…

Jul 28, 2017
Yang Jiao
Shadow Banks Will Be Next Focus of Regulation, Says Government Advisor

Shadow Banks Will Be Next Focus of Regulation, Says Government Advisor

One of the prominent scholars advising China’s economy policy-makers said the regulatory arbitrage was the nature of many shadow banks…

Jul 27, 2017
Song Yikang
CIRC Fines Chinese Property Insurer USD133,300 for Wiretapping Its Inspection Team

CIRC Fines Chinese Property Insurer USD133,300 for Wiretapping Its Inspection Team

Yingda Taihe Property Insurance Co., which made headlines earlier this year for wiretapping the venue it offered inspectors from the…

Jul 25, 2017
Jin Yuanjia
Its Wealth Management Products Have All Been Redeemed, Says LeTV Finance

Its Wealth Management Products Have All Been Redeemed, Says LeTV Finance

Investors recently reported that a LeTV Finance product had not been cashed out in due course.

Jul 24, 2017
Xu Wei
Vehicle Cover Makes Up 80% of Insurance Fraud in China

Vehicle Cover Makes Up 80% of Insurance Fraud in China

Auto insurance fraud accounts for 80 percent of all insurance fraud cases in China, data from state-owned news agency Xinhua…

Jul 24, 2017
Xu Wei
HNA Responds to Reports of BOA Shutout; Only One Member Firm Affected

HNA Responds to Reports of BOA Shutout; Only One Member Firm Affected

Bank of America Corp. [NYSE:BAC] has only suspended business with one of HNA Group Co.’s member enterprises, the conglomerate said…

Jul 21, 2017
Xu Wei
LeEco Proposes Debt-to-Equity Swap With USD75 Million Creditor

LeEco Proposes Debt-to-Equity Swap With USD75 Million Creditor

Shanghai Qicheng Asset Management Co. privately invested USD80-million in LeEco’s convertible bonds, Chinese news outlet Caixin reported today.

Jul 21, 2017
Xu Wei
China’s Debt Market Must Be Opened, Upgraded, CCDC President Says

China’s Debt Market Must Be Opened, Upgraded, CCDC President Says

China’s debt market needs to be opened and upgraded, Chen Gangming, president of China Central Depository and Clearing Co. (CCDC), said yesterday at the 2017 Chinabond Annual Conference.

Jul 21, 2017
She Qingqi
Ex-CSRC Vice Chairman Yao Gang Is Accused of Graft; Case Will Be Referred to Courts

Ex-CSRC Vice Chairman Yao Gang Is Accused of Graft; Case Will Be Referred to Courts

The Disciplinary Committee of the Communist Party of China announced today that Yao Gang, ex-vice chairman of China Securities Regulatory Commission (CSRC), is suspected of having taken bribes.

Jul 21, 2017
Tang Shihua
Investment Strategies of Over 70% of Investors Will Not Change in Next Six Months, Says J.P. Morgan

Investment Strategies of Over 70% of Investors Will Not Change in Next Six Months, Says J.P. Morgan

Some 73 percent of local investors polled by J.P. Morgan Asset Management (JP Morgan AM) (摩根资产管理) will not change their…

Jul 19, 2017
Zhang Xia
Sunac Shares Tumble as Lenders Scrutinize Its Funding Operations

Sunac Shares Tumble as Lenders Scrutinize Its Funding Operations

Following its recent acquisition of Wanda hotels and ‘cultural tourism cities,’ Sunac China Holdings Ltd.’s [HK:1918] aggressive business style and…

Jul 18, 2017
Xu Wei

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