Financial Institutions

China Insurance Security Fund to Pump USD9.7 Bln Lifeline to Troubled Anbang to Protect Its Customers

China Insurance Security Fund to Pump USD9.7 Bln Lifeline to Troubled Anbang to Protect Its Customers

China’s insurance regulator approved China Insurance Security Fund Co.’s plan to inject new funds to troubled Anbang Property & Casualty…

Apr 4, 2018
Xu Wei
Shenzhen Nudges P2P Lenders to File for Compliance as Deadline Looms

Shenzhen Nudges P2P Lenders to File for Compliance as Deadline Looms

The Office of Financial Development and Services in China’s southern tech hub Shenzhen has held disciplinary interviews with 10…

Apr 3, 2018
Liao Shumin
China UnionPay Allies With Tencent’s WeChat Pay for Barcode Payments

China UnionPay Allies With Tencent’s WeChat Pay for Barcode Payments

China UnionPay Co. has formed a QR code payment partnership with WeChat Pay, a third-party payment service run by internet giant Tencent…

Apr 2, 2018
Dou Shicong
Yuan Stays Stable Within Strong Range This Week as Traders Shun Dollar

Yuan Stays Stable Within Strong Range This Week as Traders Shun Dollar

 The yuan-dollar central parity was set to 6.2785 March 28 as China’s currency returned to a zenith following the exchange reform…

Mar 30, 2018
Zhou Ailin
China Boasts Eight Global Financial Hubs, UK Report Finds

China Boasts Eight Global Financial Hubs, UK Report Finds

A leading UK consultancy has listed eight Chinese cities in its latest ranking of 96 global financial centers, with Shanghai unchanged in sixth place.

Mar 30, 2018
Yin Jingfei
 China's Fund Industry Maintain Cautious Optimism About Returns This Year

China's Fund Industry Maintain Cautious Optimism About Returns This Year

Investors pursue a wait-and-see policy about China’s funds due to the weak performance of the A-share market early this…

Mar 29, 2018
Xie Danmin
Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Huarong Leads China’s Big Four AMCs in Terms of Assets Held

Mar 29, 2018
Song Yikang
Former Anbang Chairman Faces Charge of Fraud and Embezzlement

Former Anbang Chairman Faces Charge of Fraud and Embezzlement

A Shanghai court on Wednesday heard a case of Wu Xiaohui, former chairman and general manager of Anbang Insurance Group,…

Mar 29, 2018
Xinhua
Former Anbang Chairman Stands Trial in Shanghai

Former Anbang Chairman Stands Trial in Shanghai

Wu Xiaohui, former chairman and general manager of Anbang Group, stands trial Wednesday for fundraising fraud and embezzlement at the No 1 Intermediate People's Court in Shanghai.

Mar 28, 2018
China Daily
China UnionPay, ACI Worldwide Team Up to Tap Global E-Pay Market

China UnionPay, ACI Worldwide Team Up to Tap Global E-Pay Market

China UnionPay International Co. has struck a global partnership deal with ACI Worldwide Inc., a world leader in real-time electronic…

Mar 22, 2018
Xu Wei
Securities Regulator Orders Ant Hangzhou Fund to Rectify Illegal Sales Behavior

Securities Regulator Orders Ant Hangzhou Fund to Rectify Illegal Sales Behavior

The Zhejiang Securities Regulatory Bureau under China Securities Regulatory Commission, CSRC, has ordered Ant (Hangzhou) Fund Sales Co., affiliated to…

Mar 22, 2018
Xu Wei
China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China Opens Up USD27 Trillion Payment Sector to Foreign Providers

China’s central bank is cutting access restrictions to its CNY169 trillion (USD27 trillion) online payments market as the country looks…

Mar 22, 2018
Tang Shihua

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