Financial Services
Long-term deposits see lower interest2022-08-03
The recent inversion of medium and long-term deposit rates at some of China's largest State-owned commercial banks shows that lenders are seeing a downward trend in deposit rates in the medium to long run. They have taken proactive measures to reduce long-term deposits whose interest rates are higher, industry experts said.
China mulls allowing foreign multinationals to establish finance companies2022-08-03
China is mulling allowing foreign multinational groups to establish finance companies in the country in its latest opening-up move.
Chinese export insurance company registers steady business growth2022-07-29
China's only policy-oriented insurer specializing in export credit insurance reported steady business growth in the first half of 2022.
More local govt bonds to help smaller lenders2022-07-26
China will continue to ramp up the issuance of special-purpose local government bonds to help small and mid-size banks replenish capital as an important measure to enhance their risk resistance ability, said regulatory officials and industry experts.
Banks, experts downplay risks from mortgage defaults2022-07-15
Leading banks and industry experts on Thursday downplayed fears over perceived risks to China's financial system from the suspension of mortgage payments by homebuyers in certain smaller cities across the nation.
Yuan reserve pool spurs global financial safety2022-07-12
The role of the Chinese currency renminbi in safeguarding global financial stability is expected to rise steadily as the world's first multilateral renminbi pooling program bears testimony to the currency's potential in easing liquidity woes in emerging market economies, experts said.
AIIB plans to open first overseas office2022-07-08
The Asian Infrastructure Investment Bank (AIIB) Board of Directors has approved the establishment of an interim operational hub, the bank's first overseas office, as the bank expands its global presence.
China's insurance sector maintains adequate solvency2022-07-07
China's insurance sector maintained steady operation and reported adequate solvency in the first quarter of this year, the country's banking and insurance regulator said.
8ab6f47ea03549b894ee2a61007e7b0d_202207051ae586a45a544e3ab541977f34a9f129_e868d3d5-b0d0-4844-88e8-64800ebc9f83_fuben.jpg China's commercial banks' profits to rise 8 pct in Q32022-07-06
China's commercial banks' profits to rise 8 pct in Q3
Swap Connect poised to attract foreign investment2022-07-05
China has taken another significant step forward in financial market opening-up as the newly announced Swap Connect is poised to facilitate overseas investors' risk management in the onshore bond market and attract more foreign investment, officials and experts said on Monday.
未命名_副本.jpg A decade of transformation turns China's financial market into larger global presence2022-07-05
China's financial market, young and fast-growing, is at a new outset to open up further to the global markets, building on the transformative steps it has taken in the past decade.
China's trust assets shrink in Q12022-06-27
The assets of China's trust industry dipped slightly by the end of the first quarter of this year amid the downward pressure on the economy and the fluctuations in the capital market, industry data showed.
PBOC participates in BIS Renminbi Liquidity Arrangement2022-06-26
China's central bank on Saturday signed an agreement with the Bank for International Settlements (BIS) to establish a Renminbi Liquidity Arrangement.
A decade of evolution for China's financial system2022-06-24
With steady efforts to push structural reforms and expand opening-up, China's financial system has gradually evolved and matured over the past decade, offering solid support to the stability and development of the broader economy.
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