China's insurance assets register stable growth in February2023-04-03
The total assets of China's insurance sector amounted to 27.91 trillion yuan (4.06 trillion U.S. dollars) at the end of February, official data has said.

China greenlights first batch of infrastructure REITs expansion projects2023-04-02
The China Securities Regulatory Commission has approved the first batch of four infrastructure real-estate investment trusts (REITs) expansion projects, China's stock exchanges said.

China's RMB becomes Brazil's second-largest international reserve currency2023-04-02
The Central Bank of Brazil announced on Friday that the Chinese currency renminbi (RMB), or the yuan, has surpassed the euro to become the country's second-largest international reserve currency.

China's PICC reports rise revenue, net profit in 20222023-03-29
The People's Insurance Company Group of China (PICC), China's leading insurer, registered an increase in revenue and net profit in 2022.

China's non-cash payments maintain steady growth in 20222023-03-26
Non-cash payments handled by Chinese banks continued stable expansion in 2022, with electronic payments sustaining growth momentum, a central bank report said.

Yuan's global status continues to rise2023-03-25
The renminbi remained the world's fifth most active transactional currency in February with a growing share in global payments, a sign that its status as an emerging international currency is steadily rising, experts said on Friday.

China to expand financial sector's opening-up2023-03-20
China will further expand the high-level opening-up of its financial sector and advance institutional opening-up with regard to rules, regulations, management and standards, officials and financial experts said.

China's US debt holdings at lowest in over 12 years2023-03-18
China's cut in US debt holdings reflects an ongoing trend by the world's second-largest economy to diversify its international portfolio and ensure reserve security as dollar asset safety comes into question, market experts said on Friday.

China's financial institutions' assets rise in 20222023-03-16
China's financial institutions saw a steady expansion in assets by the end of 2022, official data showed Wednesday.

SVB demise a wake-up call to banks2023-03-15
Financial experts in China said Silicon Valley Bank's demise in the United States appears to suggest it is probably time for the US Federal Reserve to reconsider sustained aggressive rate hikes, which many believe have caused lethal liquidity problems in banks like SVB.

Banks ramp up assistance to promote foreign trade2023-03-13
Chinese banks have ramped up support for foreign trade enterprises since the second half of last year, as companies join delegations led by local governments to go overseas to compete for orders and expand their businesses.

PE fund investments to energize property sector2023-02-22
The latest approval given to private equity or PE firms to invest in the property sector in China will help funnel more capital into real estate companies and ensure the stability of the entire industry, experts said on Tuesday.

Mortgage prepayment trend may ease2023-02-14
Supported by the sound fundamentals of China's economy and the expected improvement of its capital market performance this year, the trend of homebuyers prepaying their mortgages is likely to gradually subside, as they seek higher returns elsewhere, experts said.

China unveils first batch of private pension wealth management products2023-02-11
China has unveiled its first batch of seven private pension wealth management products, in its latest effort to broaden sources of retirement income, according to China Banking Wealth Management Registration and Depository Center on Friday.