JPMNews2016-12-06 13:55banking, insurance,
China Industrial Bank Co. is planning for the insurance license application.
JPMNews2016-12-03 11:05lending, creditease,
CreditEase China, one of the world's largest microcredit and wealth management firms, is raising a $50 million fund to invest in Israeli business and technology.
On Nov 13rd, South Korea's Financial Services Commission (FSC) passed the resolution that the Deposit Insurance Corporation would sell 29.7% shares of Woori Bank to the 7 private organizations including Korea Investment and Securities, Hanwha Life Insurance and TONG YANG LIFE. On completion of the deal, 4% shares of Woori Bank will be hold by Tong Yang LIFE, which is a subordinate of Anbang Insurance of China.
In this interview with Rory Holland on Credit Conference 2016, he explained us what is the business model of CSTMR and how it helps the fintech enterprises acquire customers. And as the CEO of CSTMR, he also expressed his insight and personal expectation for the industry.
For the first ten months, the accrued original premium income at China Life reached approximately 394.7 billion Yuan, while those received by CPIC property insurance, CPIC life insurance and NCI stood at 126.181 billion, 78.482 billion, and 102.15 billion Yuan respectively.
According to the 2016 Report on Global Family Offices jointly released by UBS and Campden Wealth Research, so far this year, the return yield on portfolio investment of family offices in Asia-Pacific area reached up to 3.9%, while it was zero in last year
Several major banks in China recently have adjusted the fees of cross-bank cash withdrawal with ATM debit card. People in China will no longer get a free charge on cash withdrawal and some of the banks even rise up the fees.
Recently the Hong Kong Monetary Authority (HKMA, function as the central bank of Hong Kong) co-released a white paper on Distributed ledger Technology with Hong Kong Applied Science and Technology Research Institute (ASTRI).
Merely ten minutes after the opening of 2016 Tmall Double 11 Global Gala (AKA China`s Singles Day), new world payment record was set.
R3, the American innovation Blockchain organization recently announced China Foreign Exchange Trade System (CFETS) a member of R3 Blockchain alliance, which would be engaged in the development of distributed ledger technology used in financial market.
By the end of June this year, accrued funds raised through equity Crowdfounding had reached approximately 10-12 billion Yuan and the figure for the first half of 2016 stood at about 3.5-4 billion Yuan, with a slight increase of 4% from the latter half yea
Based on current asset sizes of the five major banks, their order of rank still are: Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China(ABC), Bank of China (BOC), and Bank of Communications (BOCOM).
During his time in Beijing, Najib invited Jack Ma, the chairman of Alibaba, to hold the position of government`s digital economic consultant. What`s more, in order to stimulate Chinese tourists consumption, Najib said Alipay will be launched in Malaysia n
The People that Credit Reference Center ofthe People's Bank of ChinaNeeds to Are 0.88 Billion, But Only 0.38 Billion People Have Credit References Among the Above People.
According to the partial statistics compiled by Yingcanzixun.com, during the first three quarters of the year, the number of newly emergent domestic car Crowdfunding platforms reaches 73, 5.2 times of those increased during the whole of last year.
According to the data of Huobi.com, an Internet platform of transactions made by digital currencies, at 3:00 PM on 1st November, the price of Bitcoins broke the five thousand Yuan barrier and latter continued to jump to 5,025 Yuan.
In the annual meeting of Ant Financial held last month, Jing Xiandong, new CEO of Ant Financial, proclaimed that Ant Financial would focus on three directions in its future development.
On 2nd November, investors can place orders for shares of Bank of Shanghai online and offline, which will raise about 10.67 billion yuan, to be the largest IPO in A-share market this year.
On 31th October, reporters learned from ICBC that by using Internet technology, the bank has successfully issued its first supply chain loan, based on online data, to a dealer of Guangqi Honda.
In the third quarter of 2016, the numbers of new platforms with issues were 289, raised 14 percent sequentially in the second quarter.