Financial Institutions

UnionPay Finds Foothold Overseas, Powers Ahead in Belt and Road Nations

UnionPay Finds Foothold Overseas, Powers Ahead in Belt and Road Nations

The international arm of Chinese financial services provider China UnionPay Co. issued 20 million new cards last year as the value of transactions rose almost 40 percent.

Feb 12, 2018
Xu Wei
China Asks EU to Rethink Proposed Rules for Non-EU Financial Institutions

China Asks EU to Rethink Proposed Rules for Non-EU Financial Institutions

China has asked the European Union to reconsider proposed supervision rules requiring non-EU financial institutions with assets of at least…

Jan 31, 2018
Tang Shihua
AIIB-Funded Project Improves Access to National Power Grid in Bangladesh

AIIB-Funded Project Improves Access to National Power Grid in Bangladesh

A project the Asian Infrastructure Investment Bank funded has helped improve access to the national power grid in Bangladesh, state-run Xinhua News Agency reported.

Jan 24, 2018
Xu Wei
Pingan Life Forecasts USD15 Mln Saving via AI Technology in Next Five Years

Pingan Life Forecasts USD15 Mln Saving via AI Technology in Next Five Years

China’s enterprises have an appetite for artificial intelligence as it makes business easier in a country of nearly 1.4 billion.…

Jan 19, 2018
Yang Qianwen
China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank to Provide Long-Term Financing Support for Belt and Road Projects

China Development Bank (CDB) committed more than USD250 billion in loans by the end of last year.

Jan 16, 2018
Xu Wei
AIIB to Collaborate With IFIs, Private Companies to Fund Capital-Intensive Projects, Says Its President

AIIB to Collaborate With IFIs, Private Companies to Fund Capital-Intensive Projects, Says Its President

The Asian Infrastructure Investment Bank is supplementary to the World Bank and other international financial institutions, or IFIs, and this…

Jan 16, 2018
Xu Wei
Zhongrong International Trust Defers Payment for Two Financial Products in Yunnan

Zhongrong International Trust Defers Payment for Two Financial Products in Yunnan

Lending money to State-owned Assets Supervision and Administration Commission-affiliated enterprises is supposed to be risk-free, but it is not the case anymore.

Jan 15, 2018
Xia Xinyu
Shanghai Will Relax Access Restrictions for Foreign Financial Institutions, Official Says

Shanghai Will Relax Access Restrictions for Foreign Financial Institutions, Official Says

Shanghai will relax access restrictions for foreign financial institutions to encourage more of them to set up joint ventures and…

Jan 12, 2018
She Qingqi
Societe Generale to Invest USD154 Million to Set Up Chinese Securities Firm

Societe Generale to Invest USD154 Million to Set Up Chinese Securities Firm

Societe Generale SA is set to invest CNY1 billion (USD154 million) to establish a joint securities company in China with…

Jan 11, 2018
Dou Shicong
Top Chinese Jeweler Spies New Revenue Source in Microfinance

Top Chinese Jeweler Spies New Revenue Source in Microfinance

Chow Tai Seng Jewellery Co., one of China’s three biggest jewelers by market share, plans to set up a microfinance company in…

Jan 11, 2018
Tang Shihua
China Does Not Aim to Create Unified Financial Authority Through New Regulations, Academic Says

China Does Not Aim to Create Unified Financial Authority Through New Regulations, Academic Says

The Chinese government does not aim to combine central bank, the Peoples Bank of China, with its three financial…

Jan 10, 2018
Tang Shihua
China’s First Professional Science and Technology Insurance Firm Starts Operations to Support Innovation

China’s First Professional Science and Technology Insurance Firm Starts Operations to Support Innovation

The science and technology insurance company subordinate to China Pacific Insurance (Group) started operations yesterday, which marks China’s first enterprise…

Jan 10, 2018
Dou Shicong

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