Tracy Li

Business Reporter

Wallet of the future? Rollout of new e-yuan continues apace - China In Focus News

Wallet of the future? Rollout of new e-yuan continues apace

The People's Bank of China is the world's first central bank to pioneer its own digital currency. So far, so good.

Smaller banks co-building risk management capabilities with tech firms - China Finance News

Smaller banks co-building risk management capabilities with tech firms

New loan policies are pushing smaller banks to improve their own risk control capabilities together with tech firms, industry insiders said.

Popular online mutual aid services shutting down - China Finance News

Popular online mutual aid services shutting down

Three online platforms have recently announced their mutual aid services will shut down, surprising the public and arousing much debate online.

2021-04-03 15:19 0

Mixed results for consumer finance firms - China Finance News

Mixed results for consumer finance firms

The consumer finance sector has seen divergent performances in the face of 2020's challenges, with most posting growth in revenue and profit while others suffered losses.

2021-04-02 18:57 0

China's insurance market resilient in 2020 - China Finance News

China's insurance market resilient in 2020

A total premium income of 4.52 trillion yuan was realized last year, up 6.1 percent compared with the previous year, with listed insurers posting growth in their GWPs.

2021-04-01 19:18 0

Major banks report hard-won growth in 2020 - China Finance News

Major banks report hard-won growth in 2020

Among the top Chinese state-owned banks, Postal Savings Bank of China recorded a net profit of 64.3 billion yuan (US$9.77 billion), a year-on-year increase of 5.38 percent.

2021-03-31 20:34 0

Banks to better serve city's opening-up and reform - China In Focus News

Banks to better serve city's opening-up and reform

Shanghai's banking industry will assume more important tasks and responsibilities to better serve the city's financial opening-up and reform over the next five years.

2021-03-29 20:54 0

AIA acquiring BEA Life and partnering with BEA on insurance distribution - China Finance News

AIA acquiring BEA Life and partnering with BEA on insurance distribution

AIA Group will form a new exclusive 15-year strategic "bancassurance" partnership with BEA and acquire BEA Life, a wholly owned subsidiary of BEA.

2021-03-25 16:20 0

'Just spend' becomes bad advice for college students living beyond their means - China In Focus News

'Just spend' becomes bad advice for college students living beyond their means

The government has launched yet-another attempt to rein in online lenders who rope in young people with easy credit.

2021-03-23 16:09 0

Chinese insurtech firm expands reach in Southeast Asia - China Finance News

Chinese insurtech firm expands reach in Southeast Asia

ZA Tech will work with PFI Mega Life, Prudential's Indonesian joint venture, to drive digital transformation of the insurance industry in the country.

2021-03-18 22:00 0

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