Financial Services
Interest rates likely to be stable this year2021-03-12
China's monetary authority may not cut policy rates this year, although monetary easing is going on in other major economies to contain coronavirus risks, according to a policy adviser and a former member of the central bank's monetary policy committee.
Capital flows to get boost, official says2021-03-03
China will encourage cross-border capital flows at a more open level, while also being careful not to cause huge fluctuations in the domestic financial market, the country's top banking and insurance regulator said on Tuesday.
China makes "decisive achievements" in fending off financial risks: official2021-03-02
China has made "decisive achievements" in preventing and addressing financial risks in its banking and insurance sectors, the country's top banking and insurance regulator said on Tuesday.
Now, resolution plans for banks, insurers soon2021-03-02
China will launch standardized and unified requirements for large and medium-sized banking and insurance institutions to make resolution plans.
Reserve assets boost sought to fortify economy2021-03-01
The Chinese central bank governor has called for increasing the general allocation of the international reserve assets created by the International Monetary Fund to enhance all G20 members' ability to handle unintended global financial vulnerability amid the COVID-19 pandemic.
Chinese banks log forex settlement surplus in January2021-02-21
China's commercial banks saw a net forex settlement surplus of 264.4 billion yuan (about 40.8 billion U.S. dollars) in January, the country's forex regulator said on Saturday.
Online payments soar in China during Spring Festival2021-02-19
Online payments through NetsUnion, a Chinese online payment clearinghouse, and China UnionPay, a card payment giant, surged during China's Spring Festival holiday.
China's PICC sees 566 billion yuan in premium income in 20202021-02-18
The People's Insurance Company Group of China (PICC), China's leading insurer, posted 566.1 billion yuan (about 87.9 billion U.S. dollars) in premium income in 2020.
China EximBank releases bailout funds of over 76.3 bln yuan in 20202021-02-12
The Export-Import Bank of China (China EximBank) released over 76.3 billion yuan (about 11.85 billion U.S. dollars) of special bailout funds to companies last year.
Green finance gets newfound incentivization2021-02-10
China will make it easier for international investors to access the country's green finance market by promoting the harmonization of domestic and global green standards as part of its efforts to achieve net-zero emissions by 2060, central bank officials said on Tuesday.
China's central bank conducts 50 bln yuan of reverse repos2021-02-07
China's central bank on Sunday conducted 50 billion yuan (about 7.73 billion U.S. dollars) of reverse repos to keep liquidity stable in the banking system ahead of the Spring Festival holiday.
China says to retain benchmark deposit rate system for long term2021-02-05
China's central bank said Thursday that the benchmark deposit interest rates, the "ballast stone" of the entire interest rates system, will be retained for the long term.
Over 86 pct of Chinese netizens use online payment2021-02-04
China had 854 million online payment users as of December last year, accounting for 86.4 percent of its total internet users, according to a report on the country's internet development released Wednesday.
Bank WMPs post 6.9% growth in 2020 assets2021-01-31
Assets under management, or AUM, held by bank wealth management products in China rose by 6.9 percent on a yearly basis to 25.86 trillion yuan ($4 trillion) last year, a new report said on Friday.
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