China’s Big Four banks have been increasingly competitive on the world scene in recent years, the China Banking and Insurance Regulatory Commission said today. The next step is to further promote digitization and strengthen corporate governance.
China financial reconstruction 2: China Banking and Insurance Regulatory Commission (CBIRC) said it would urge banks to make a bona fide classification of their assets, truthfully exposing their NPLs and sanctioning window dressing.
The China Banking and Insurance Regulatory Commission (CBIRC) on Sat issued draft rules on commercial banks' #onlinelending business, banning the use of such loans for riskier #investments and capping banks' online consumer credit, in a move to rein in financial risks.
China's banks had provided over 537 billion yuan (about $76.89 billion) of credit support as of Friday to help companies restore production amid the fight against #COVID19 outbreak, the China Banking and Insurance Regulatory Commission said Saturday.
As of noon Feb 14, #China 's banking financial institutions already offered more than 537 billion yuan (about 76.8 billion U.S. dollars) in credit support to help companies restore production to fight #coronavirus , said China Banking and Insurance Regulatory Commission Saturday
China CITIC Bank has gained approval from China Banking and Insurance Regulatory Commission to set up a wealth management company, with a registered capital of no more than 711.2 million U.S.D
China saw a surge in the outstanding sum of loans to small and micro companies in the first half of this year, reaching over $5 trillion, thanks to the government's support for inclusive finance, according to the China Banking and Insurance Regulatory Commission.
China has approved its 1st pension insurance company run by a foreign insurer: China Banking and Insurance Regulatory Commission (CBIRC)
Premier Li Keqiang Friday urged financial institutions to better serve the real economy and take effective measures to address financing barriers facing enterprises, at a meeting at the China Banking and Insurance Regulatory Commission in Beijing
Germany's has received first-ever approval from China Banking and Insurance Regulatory Commission (CBIRC) to establish a fully-owned foreign insurance company in the nation, which is expected to be set up in 2019, CBIRC announced on Sunday.
China to scrap limits on #foreigninvestment in domestic banks and financial asset management companies in its latest effort to push forward financial opening up, according to a statement from the China Banking and Insurance Regulatory Commission Friday.
The total assets of #China 's #banking institutions reached 248.6 trillion yuan ($38.9 trillion USD) by the end of April 2018, up 7.2% YOY, with their total liabilities being 228.5 trillion yuan, up 6.8 percent, according to the China Banking and Insurance Regulatory Commission
China’s newly-formed Ministry of Culture & Tourism, Banking & Insurance Regulatory Commission were inaugurated in Beijing on Sunday. China’s top legislature in March adopted a massive cabinet restructuring plan to improve governance efficiency and the delivery of public services.