Financial Institutions

China, Arab Nations Form Inter-Bank Association

China, Arab Nations Form Inter-Bank Association

China’s President Xi was on hand to oversee a meeting between representatives from leading banks in the Arab world and…

Jul 13, 2018
Dou Shicong
World’s Largest Hedge Fund Bridgewater Secures License to Enter China

World’s Largest Hedge Fund Bridgewater Secures License to Enter China

Bridgewater Associates, often referred to as the world’s largest hedge fund, has obtained a license from Chinese authorities to operate as a private fund manager in the country.

Jul 5, 2018
Zhou Ailin & Liu Jing
Tianhong’s Money Market Fund Yu’e Bao Sloughs Off USD35.36 Billion in Q2

Tianhong’s Money Market Fund Yu’e Bao Sloughs Off USD35.36 Billion in Q2

Tianhong’s money market fund Yu’e Bao, the world’s largest currency fund, shed CNY235.30 billion (USD35.40 billion) in the second quarter,…

Jul 2, 2018
Liao Shumin
AIIB Calls On ‘Private Capital’ to Make Up USD1.4 Trillion Asian Infrastructure Shortfall

AIIB Calls On ‘Private Capital’ to Make Up USD1.4 Trillion Asian Infrastructure Shortfall

The Asian Infrastructure Investment Bank (AIIB) initiated by China and co-established by 57 other member countries in January 2016, held…

Jun 27, 2018
Wang Lin
Pacific Life Announces USD246 Million Investment in Ant Financial

Pacific Life Announces USD246 Million Investment in Ant Financial

China Pacific Life Insurance will invest around CNY1.6 billion (USD246 million) to buy equity in Ant Financial Service Group, information…

Jun 25, 2018
Xu Wei
Goldman Sachs to Focus on China as Financial Market Opens Wider, Solomon Says

Goldman Sachs to Focus on China as Financial Market Opens Wider, Solomon Says

Goldman Sachs will be paying close attention to the development of its China business as the world’s second-largest economy looks…

Jun 22, 2018
Xu Wei
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

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