Financial Institutions

Xiamen, Taiwan Firms Get Green Light for First Cross-Straits Consumer Finance Firm

Xiamen, Taiwan Firms Get Green Light for First Cross-Straits Consumer Finance Firm

Two financial companies have got the nod from local authorities to set up the first cross-strait consumer finance company with…

May 7, 2018
Dou Shicong
China Dishes Out Fines to 24 Forex Rule Breakers

China Dishes Out Fines to 24 Forex Rule Breakers

China’s foreign exchange regulator has named and shamed 24 financial institutions, companies and individuals for ignoring or seeking to flaunt the rules to get cash in and out of the country.

May 7, 2018
Liao Shumin
Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank

Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank

Kenya, Papua New Guinea Get Go-Ahead to Join Asia Infrastructure Investment Bank. The Asian Infrastructure Investment Bank has approved Kenya…

May 3, 2018
Xu Wei
UBS Looks to Take Majority Stake in Its China Securities Venture

UBS Looks to Take Majority Stake in Its China Securities Venture

UBS Looks to Take Majority Stake in Its China Securities Venture. Swiss investment bank UBS Group AG has become the…

May 3, 2018
Xu Wei
China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China Opens Up Cross-Border Yuan Settlement System for 24-Hour Trading

China’s central bank has extended the operating hours of its cross-border interbank payment system to 24 hours every working day after the success of a trial run in March.

May 3, 2018
Tang Shihua
Morgan Stanley Huaxin Prepares China’s First ESG-Oriented Fund, Chairman Says

Morgan Stanley Huaxin Prepares China’s First ESG-Oriented Fund, Chairman Says

Morgan Stanley Huaxin Funds Prepares China’s First Green Public Fund, Executive Says. Morgan Stanley Huaxin Fund Management Co. is working…

May 3, 2018
Xu Yanyan
Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms

Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms

Willis Becomes China’s First Foreign All-Business Insurer Following Sector Reforms. The Chinese unit of UK insurance giant Willis Group Holdings…

Apr 29, 2018
Dou Shicong
Haitong Securities Looks to Raise CNY20 Billion in Non-Public Financing

Haitong Securities Looks to Raise CNY20 Billion in Non-Public Financing

Haitong Securities Co., one of China's largest brokerage firms, has pledged to raise CNY20 billion (USD3.2 billion) by issuing non-public A-shares to burnish the company's balance sheet.

Apr 27, 2018
Tang Shihua
Illegal Fundraising Remains Big Problem in China Despite Fall in Cases, CBIRC Says

Illegal Fundraising Remains Big Problem in China Despite Fall in Cases, CBIRC Says

China still faces grave challenges in its fight against illegal fundraising despite a fall in cases and the overall amount…

Apr 24, 2018
Song Yikang
Blockchain Has Too Many Bamboozlers, Allen Zhu Says

Blockchain Has Too Many Bamboozlers, Allen Zhu Says

There are too many swindlers in the blockchain sector, which is sizzling because "getting rich quickly has stimulated many investment institutions," said renowned Chinese…

Apr 20, 2018
Qiu Zhili
Hibor Hits Nine-Year High After HKMA Purchases Total of HKD51.3 Billion

Hibor Hits Nine-Year High After HKMA Purchases Total of HKD51.3 Billion

The three-month Hong Kong Inter Bank Offered Rate (Hibor) jumped to its highest level since December 2008 following purchases of…

Apr 20, 2018
Zhou Ailin
Chinese Brokerage Firms’ Overseas Operations Provided Substantial Revenue Last Year

Chinese Brokerage Firms’ Overseas Operations Provided Substantial Revenue Last Year

China’s brokerage firms listed on the A-shares market posted substantial overseas business revenues for last year, indicating such operations have become a new source for income growth.

Apr 19, 2018
Dou Shicong

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