Finance

Banks rush to offer wealth management connect services in Greater Bay Area - China Finance News
Finance

Banks rush to offer wealth management connect services in Greater Bay Area

Banks on Tuesday launched two-way wealth management connect services, which will allow more capital flows across the Guangdong-Hong Kong-Macao Greater Bay Area.
Agent fined US$5m for helping actress Zheng evade taxes - China Finance News
Finance

Agent fined US$5m for helping actress Zheng evade taxes

Whistle-blower Zhang Heng has been fined 32.27 million yuan (US$5.02 million) for helping Chinese actress Zheng Shuang evade taxes by using "yin-yang contracts."
Foreign holdings of Chinese government bonds continue to rise in September - China Finance News
Finance

Foreign holdings of Chinese government bonds continue to rise in September

Overseas institutional investors increased their holdings of Chinese government bonds in September as the yield remained attractive, official data showed.
Children's education focus enhanced by three-child policy, survey says - China Finance News
Finance

Children's education focus enhanced by three-child policy, survey says

Policy change has put added pressure on rising affluent people and renewed attention toward family finances, study finds.
China's health insurance premiums to top 1 trillion yuan this year - China Finance News
Finance

China's health insurance premiums to top 1 trillion yuan this year

Health insurance premiums in the world's second largest economy reached 817.3 billion yuan (US$127 billion) in 2020 – 11.8 times that of 2011.
Regulators tighten rules on accident insurance - China Finance News
Finance

Regulators tighten rules on accident insurance

The changes aim to give customers more protection and a better deal.
Financial assets of Chinese households grow quickly amid COVID-19, report finds - China Finance News
Finance

Financial assets of Chinese households grow quickly amid COVID-19, report finds

Chinese household wealth weathered the COVID-19 crisis and grew in 2020, thanks to the rapid recovery of the stock market and the surge in pension funds' investment returns.
Regulations improved over fintech issues - China Finance News
Finance

Regulations improved over fintech issues

Proper firewalls should be set up to forestall the cross-sector and cross-industry transmission of financial risks.
Big tech firms face more regulation of financial activities: PBOC Governor warns - China Finance News
Finance

Big tech firms face more regulation of financial activities: PBOC Governor warns

Online money platforms should follow the principle of 'same business, same rules,' Chinese central bank leader tells international meeting.
Hong Kong in top rankings for global financial hubs - China Finance News
Finance

Hong Kong in top rankings for global financial hubs

In terms of financial technology offerings, New York and Shanghai retain first and second positions.
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