Financial Institutions

Beijing Wants China’s Big Four Asset Managers to Step Up in P2P Risk Elimination

Beijing Wants China’s Big Four Asset Managers to Step Up in P2P Risk Elimination

China’s banking regulator has called upon the nation’s big four asset management firms to quell risks stemming from peer-to-peer lending.

Aug 17, 2018
Song Yikang
Alibaba Lands Stake in China’s Biggest Securities Brokerage for USD512 Million

Alibaba Lands Stake in China’s Biggest Securities Brokerage for USD512 Million

Alibaba Group Holding, one of China’s leading New Economy giants, has paid CNY3.5 billion (USD512 million) for a stake in…

Aug 7, 2018
Li Wei
Chinese Securities Firm Denies Chairman Gold Smuggling Report

Chinese Securities Firm Denies Chairman Gold Smuggling Report

Chinese Securities Firm Denies Chairman Gold Smuggling Report

Aug 4, 2018
Tang Shihua
CSRC Stuns Pundits by Nixing Bank of Nanjing’s Share Offer

CSRC Stuns Pundits by Nixing Bank of Nanjing’s Share Offer

China’s securities watchdog has surprised the market by denying the Bank of Nanjing’s application for an additional share offer worth…

Aug 3, 2018
Zhou Ailin
World First Could Pick Up First China Payments License Issued in 32 Months

World First Could Pick Up First China Payments License Issued in 32 Months

World First, a British currency exchanger turned multi-service provider, could be the first non-banking financial institution in nearly three years…

Jul 31, 2018
Liao Shumin
PBOC Demands ID Check for Over USD1,000 Overseas Transfers to Stop Money Laundering

PBOC Demands ID Check for Over USD1,000 Overseas Transfers to Stop Money Laundering

China’s central bank is tightening up capital controls to verify transfers that exceed USD1,000 to stop money laundering and has already fined firms failing to comply with the new rules.

Jul 31, 2018
Liao Shumin
PBOC Fines China Life for Mishandling Customer Data

PBOC Fines China Life for Mishandling Customer Data

China’s central bank has fined state-owned underwriter China Life Insurance for negligence in the management of customer data which breached anti-money laundering laws.

Jul 30, 2018
Liu Jing & Tang Shihua
Foreign Funds Are Increasingly Interested in China, State-Owned Fund VC Says

Foreign Funds Are Increasingly Interested in China, State-Owned Fund VC Says

The Chinese market is attracting growing attention from foreign asset management companies, according to a deputy chief from the country's sovereign wealth fund.

Jul 30, 2018
Xu Wei
China Great Wall Asset Management Bags USD1.8 Billion in Investment

China Great Wall Asset Management Bags USD1.8 Billion in Investment

China Great Wall Asset Management, one of the country's big four state-owned asset managers, will bring onboard four strategic investors,…

Jul 27, 2018
Song Yikang & Yuan Ziyi
Last of China's Bad Banks to Get Into Insurance Business by Media Firm JV

Last of China's Bad Banks to Get Into Insurance Business by Media Firm JV

China Huarong Asset Management, one of China's four major state-owned bad debt banks, will set up a joint venture with…

Jul 24, 2018
Xu Zuwei & Tang Shihua
New Sinopec Investment Arm Joins Finance Titans in Xiongan New Area

New Sinopec Investment Arm Joins Finance Titans in Xiongan New Area

New Sinopec Investment Arm Joins Finance Titans in Xiongan New Area . Petrochemical giant Sinopec Group has founded an investment…

Jul 20, 2018
Dong Xin
China Securities Watchdog Loses Lawsuit on Insider Trading Case

China Securities Watchdog Loses Lawsuit on Insider Trading Case

China Securities Watchdog Loses Lawsuit on Insider Trading Case. A Beijing high court has overturned a decision by China’s security…

Jul 18, 2018
Liao Shumin

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