Anbang Insurance looking to sell off its Annuity and P&C businesses
Jun Fang
On February 2, Caixin reported that Dajia Insurance Group – the successor to Anbang Insurance – is looking to sell two subsidiaries.
Jun Fang
16 posts
NFRA publishes revised measures on fixed asset loans, working capital loans, and personal loans
On February 2, the National Financial Regulatory Administration (NFRA) published three sets of new measures governing bank credit…
Wu Lijun takes over as chairman of China Everbright Bank
On February 1, the National Financial Regulatory Administration (NFRA) approved Wu Lijun to take the position of chairman at China Everbright Bank Company Ltd.
Veteran banker Liao Lin to take over as ICBC chairman
On February 1, Industrial and Commercial Bank of China Ltd. (ICBC) announced that ICBC president Liao Lin (57) had been appointed as its new chairman, taking over from Chen Siqing (63), who has reached retirement age.
National Financial Regulatory Administration focuses on financial sector risk at annual work conference
On January 30, the National Financial Regulatory Administration (NFRA) held its annual work meeting to lay out its tasks for the year ahead.
Central government shareholdings in three national asset management companies (AMCs) being transferred to China Investment Corp
On January 29, Yicai reported the central government is transferring ownership of three asset management companies (AMCs) – also known as “bad banks” – from the finance ministry (MoF) to China Investment Corp (CIC).
State-owned shareholders of Hong Kong-listed Bank of Jinzhou plan to take the bank private to avoid involuntary delisting
On January 26, Bank of Jinzhou said its major shareholders will take the bank private rather than risk involuntary delisting from the Hong Kong stock exchange.
People’s Bank of China and Hong Kong Monetary Authority launch raft of measures to widen scope of cross-border capital flows
On January 24, the People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) unveiled measures widening the scope of cross-border capital flows. They include…
People’s Bank of China cuts banks’ reserve requirement ratio by 50 basis points, effective February 5
On January 23, the People’s Bank of China (PBoC) said it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective February 5.
Officials look to stabilize ailing equity prices amid weak economy, tight financing conditions
Over the past month, officials have ramped up efforts to support onshore equity prices through various regulatory tweaks and direct market interventions.