Financial Services
New steps to secure cross-border data flows2021-03-25
Monetary authorities have recently come out with measures, including a joint venture, to secure cross-border financial information transfer and payments, to prevent unexpected interruptions and improve data security, experts said.
Pakistan's largest multinational bank opens branch in Beijing2021-03-24
The Habib Bank Ltd (HBL), the largest multinational bank in Pakistan, opened its branch in Beijing on March 5 and held an opening ceremony on Monday, which aims to better serve Chinese clients participating in the construction of the China-Pakistan Economic Corridor and the Belt and Road Initiative, according to the bank's executives.
Digital economy to account for 10% of fresh output in nation by 20252021-03-17
Digital economy will become a key ingredient of national strategy during the 14th Five-Year Plan period (2021-25), researchers and entrepreneurs in the technology sector said.
China's insurance sector maintains steady operation2021-03-15
China's insurance sector maintained steady operation last year, with the solvency adequacy ratio remaining in an appropriate range, said the country's banking and insurance regulator.
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.
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