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Bigger banks better prepared for COVID-19

The 30 global systemically important banks (G-SIBs) are better prepared to withstand the adverse effects of COVID-19 than the banks as a whole, according to Moody's. Following years of restructuring ...

September 18,2020

Technology helps fund managers go digital

Technology is helping fund managers go digital and the utilization of financial technology should be consistent with a company’s business strategy, according to Zhong Ou Asset Management Co Ltd, a mutual ...

September 16,2020

New rules for financial holding companies

China has issued new regulations on the admission and supervision of financial holding companies. The State Council has unveiled new rules to regulate market access of financial holding companies, while ...

September 15,2020

Approval for ETFs raises market sentiment

China stocks rose on Monday, led by gains among new material and tourism companies. The benchmark Shanghai Composite Index added 0.57 percent to close at 3.278.81 points while the smaller Shenzhen Component ...

September 14,2020

Consumer credit firm allowed to go public

Mashang Consumer Finance Co Ltd was approved on Friday to go public in the A-share market and become the first listed licensed consumer credit company. The Chongqing Bureau of China Banking and Insurance ...

September 11,2020

Insurers employing more sophisticated tools

Moody’s Investors Service says coronavirus has accelerated the use of increasingly sophisticated insurance online tools among global life insurers. The recent expansions and acceleration in technology ...

September 10,2020

Insurer the first to offer 20-year-renewal option

Ping An Health Insurance Company of China unveiled private health cover which provides comprehensive reimbursement of medical expenses and a guaranteed 20-year renewal option. The product is the first ...

September 09,2020

Financial shares help with market rebound

China stocks rebounded on Tuesday, boosted by strong performance of financial shares, while turnover on the ChiNext board was higher than Shanghai’s main board. The benchmark Shanghai Composite Index ...

September 08,2020

Glamour stocks leading stock market tumble

China stocks tumbled on Monday, with previous glamour stocks related to vaccines and pork retreating sharply from earlier rallies. The benchmark Shanghai Composite Index lost 1.87 percent to end at 3,292.59 ...

September 07,2020

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Hong Kong students visit Shanghai Financial Service Office