Financial Institutions

Ping An Insurance Delivers USD6.5 Billion in First-Half Profit, Hikes Dividends by 150%

Ping An Insurance Delivers USD6.5 Billion in First-Half Profit, Hikes Dividends by 150%

China's second-biggest insurer Ping An Insurance Co. [SHA:601318] saw net profit rise CNY43.4 billion (USD6.5 billion) in the first half of this year to beat market expectations.

Aug 18, 2017
Liao Shumin
China's Forex Regulator Denies Calling on Payment Platforms to Halt Overseas QR Code Transactions

China's Forex Regulator Denies Calling on Payment Platforms to Halt Overseas QR Code Transactions

China's State Administration of Foreign Exchange has denied reports that it issued a notice to payment institutions requesting they halt all overseas payments…

Aug 16, 2017
Zhang Xia
Guotai Junan Securities’ Chief Economist Lin Caiyi Bids Adieu

Guotai Junan Securities’ Chief Economist Lin Caiyi Bids Adieu

Lin Caiyi, chief economist for Guotai Junan Securities Co. [HK:2611] officially took her leave of the firm today, saying she will announce her next post within a few days.

Aug 15, 2017
Shen Weijia
Chinese Insurers Post Falls in Premium in Second Quarter; Anbang Tops the List with a 98% Slump

Chinese Insurers Post Falls in Premium in Second Quarter; Anbang Tops the List with a 98% Slump

China’s life insurance market has undergone a major restructuring in the first half.

Aug 15, 2017
Ma Yifei
Chinese Insurers Start Emergency Measures to Support Earthquake Victims

Chinese Insurers Start Emergency Measures to Support Earthquake Victims

More than 30 Chinese insurance companies have taken emergency measures, such as setting up expedited claim channels, helping with…

Aug 11, 2017
Zhang Xia
China’s High Court Raps Its Gavel on Illegal Online Financing Activities

China’s High Court Raps Its Gavel on Illegal Online Financing Activities

The Chinese Supreme People’s Court highlighted the importance of effective regulation over internet finance businesses in a recent set of…

Aug 10, 2017
Xu Wei
PBOC Looks to Ramp Up Supervision Over Third Party Payments and P2P Lending

PBOC Looks to Ramp Up Supervision Over Third Party Payments and P2P Lending

The People’s Bank of China, the nation’s central bank, is exploring ways to include third party payments and peer-to-peer lending in the country’s regulatory…

Aug 8, 2017
Xu Yanyan
US Multinational VISA Inc. Applies to PBOC to Set Up Bank Card Clearing Institution in China

US Multinational VISA Inc. Applies to PBOC to Set Up Bank Card Clearing Institution in China

China has made significant progress in opening up of its bank card clearing market. Visa Inc., US multinational financial services…

Aug 7, 2017
Xu Wei
Ping An Firmly Denies Rumors It Will Buy Manchester United Shares

Ping An Firmly Denies Rumors It Will Buy Manchester United Shares

Ping An Insurance Company of China, Ltd. [SHA:601318, HK:2318] denied rumors that it will buy the shares of Manchester United…

Aug 7, 2017
Xu Wei
Ping An Insurance Chairman Lauds Lufax’ Financial Prudence, Urges Institutions to Invest in Fintech

Ping An Insurance Chairman Lauds Lufax’ Financial Prudence, Urges Institutions to Invest in Fintech

China’s largest online wealth management platform, Shanghai Lujiazui International Financial Asset Exchange Co. (Lufax), recently experienced a surge in product…

Aug 3, 2017
Chen Juan
China’s Insurance Regulator Disclaims Any Link With Anbang Insurance’s Foreign Asset Sales

China’s Insurance Regulator Disclaims Any Link With Anbang Insurance’s Foreign Asset Sales

The China Insurance Regulatory Commission (CIRC) has no plans or arrangements in place for and has imposed no requirements on…

Aug 3, 2017
Shen Weijia
Anbang Denies Overseas Assets Sale Rumors

Anbang Denies Overseas Assets Sale Rumors

A high-ranking official of Anbang Insurance Group today denied rumors about the firm’s overseas assets sale.

Aug 1, 2017
Xu Wei

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