Financial Services
PBOC mulls more support for small companies2021-06-10
The People's Bank of China, the central bank, will strive to ensure continued financial support for small businesses with low interest rates under the reformed benchmark system.
China expands QDII quotas as outbound investment demand grows2021-06-03
China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors.
Beijing to hand out millions in digital-currency envelopes2021-06-03
Beijing will hand out 40 million yuan (about 6.27 million U.S. dollars) in digital currency to consumers in the city through a lottery system, the Beijing Local Financial Supervision and Administration Bureau announced.
Banks asked to ditch London Interbank Offered Rate2021-06-03
The People's Bank of China, the central bank, has urged commercial banks to abandon the London Interbank Offered Rate for dollar-denominated loans having a floating-rate benchmark.
Loan curbs rein in fund overflows into realty2021-06-03
China has made a start in reversing excessive capital flows into the real estate market, with the top banking and insurance regulator's measures to rein in funneling of business loans into property financing bearing fruit.
China's core strengths to lift economy2021-06-03
The expected tapering of US monetary stimulus moves may have some spillover effects on China in the form of higher financial market volatility and slower capital inflows, but strong economic fundamentals will help buffer such risks, experts said on Wednesday.
China kicks off REIT market with 9 infrastructure products2021-06-01
China kicked off the sales of its first batch of nine public real estate investment trusts (REITs) on Monday, a great leap forward for the country's asset-management industry.
PBOC raises requirement for banks' forex deposits2021-06-01
China's central bank has decided to increase the amount of foreign-currency deposits that financial institutions need to hold as reserves starting on June 15, a move aimed at curbing sell-offs of foreign currencies after the renminbi's value climbed to a record high.
China increases inclusive loans to micro, small firms2021-05-30
China's inclusive loans to micro and small enterprises rose by 32.5 percent year on year at the end of April amid the country's targeted support for enterprises hard hit by COVID-19.
ICBC, Goldman Sachs to set up joint venture on wealth management2021-05-27
The Industrial and Commercial Bank of China (ICBC) and Goldman Sachs Asset Management will cooperate to set up a joint venture on wealth management, according to a recent announcement.
China slaps penalties on 5 financial institutions2021-05-22
China's top banking and insurance regulator has slapped fines totaling around 366 million yuan (about 56.92 million U.S. dollars) on institutions and individuals in cracking down on financial violations.
Chinese commercial banks' non-performing loan ratio down to 1.8 pct2021-05-12
Chinese commercial banks' bad loan ratio declined in the first quarter, data from the banking regulator showed.
China's new yuan loans drop in April2021-05-12
China's new yuan-denominated loans totaled 1.47 trillion yuan (about 228.77 billion U.S. dollars) in April, down 229.3 billion yuan year on year, central bank data showed Wednesday.
China sees more inclusive finance loans2021-05-02
China has issued more inclusive finance loans in the first quarter as government introduces more policies to support small companies and individuals, official data showed.
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