Financial Institutions

Regulator Punishes Chinese Property Insurers Over Illegal Free Gifts

Regulator Punishes Chinese Property Insurers Over Illegal Free Gifts

China’s top financial regulator has penalized some 52 insurance companies so far this month, including four large property insurers, for…

Jun 15, 2018
Liao Shumin
Former China Official Stands Trial for Decade of Bribes Worth USD3 Million

Former China Official Stands Trial for Decade of Bribes Worth USD3 Million

China's former head of insurance authority and vice president of the country's central bank has gone on public trial regarding graft…

Jun 15, 2018
Liao Shumin
European Investors Can Now Access Chinese Green Bonds Through Luxembourg

European Investors Can Now Access Chinese Green Bonds Through Luxembourg

The Shanghai bourse has started cooperating with the Luxembourg Stock Exchange to ease European investors' access to the world's largest green bond market.

Jun 11, 2018
Dou Shicong
China Pacific Issues Country’s First Tax-Deferred Commercial Endowment Policy

China Pacific Issues Country’s First Tax-Deferred Commercial Endowment Policy

China Pacific Insurance Group, the country's third-largest listed insurer in the life, property and casualty fields, has issued China’s first…

Jun 8, 2018
Liao Shumin
Shanghai, Dalian Exchanges Raise International Presence With Singapore Offices

Shanghai, Dalian Exchanges Raise International Presence With Singapore Offices

Two of China’s biggest commodity exchanges have opened their first overseas offices in Singapore as part of efforts to enhance communication between the Chinese market and overseas investors.

Jun 7, 2018
Liao Shumin
PICC Runs IPO Gauntlet to Become Fifth A- and H-Share Listed Insurer

PICC Runs IPO Gauntlet to Become Fifth A- and H-Share Listed Insurer

The Issuance Examination Commission yesterday passed the initial public offering application of the People's Insurance Company (Group) of China, as…

Jun 6, 2018
Du Chuan
[Exclusive] AIIB to Source Private Funds, Favor Cross-Border Projects, VP Says

[Exclusive] AIIB to Source Private Funds, Favor Cross-Border Projects, VP Says

[Exclusive] AIIB to Source Private Funds, Favor Cross-Border Projects, VP Says

May 28, 2018
Zhou Ailin
[Exclusive] PBOC Holds Secret Financial Health Pilot for Financial Groups

[Exclusive] PBOC Holds Secret Financial Health Pilot for Financial Groups

Five of China's largest financial holding firms have participated in a secret pilot program from the central bank, which…

May 25, 2018
Xu Wei
Former PICC President Sentenced to 11 Years in Prison

Former PICC President Sentenced to 11 Years in Prison

Wang Yincheng, former president of the People's Insurance Company (Group) of China Limited (PICC), was sentenced to 11 years in…

May 24, 2018
Xinhua
China UnionPay Stays Top of Global Card Rankings, Handling USD14.7 Trillion

China UnionPay Stays Top of Global Card Rankings, Handling USD14.7 Trillion

China UnionPay Co., the country’s biggest bank card provider, has retained its leading position in the global bank card clearing market for the amount of money handled.

May 23, 2018
Dou Shicong
Foreign Banks’ China Success Will Strengthen Nation’s Financial System, CIC Executive Says

Foreign Banks’ China Success Will Strengthen Nation’s Financial System, CIC Executive Says

If foreign financial institutions come to China and succeed, the Asian nation will have a stronger financial system and a…

May 21, 2018
Song Yikang

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