China's credit card fraud losses down 32.38% in 2010
2011-05-31 09:44:12
Losses due to credit card fraud fell 32.38 percent year-on-year to 117.88 million yuan ($18.18 million) in 2010 with the fraud ratio standing at 0.0038 percent, down 0.004 percentage points from one year earlier, the China Bank Association (CBA) announced Monday.
China's Jan-April insurance premiums hit 570.8b yuan
2011-05-31 09:31:45
The combined value of China's insurance premiums rose to 570.8 billion yuan ($87.8 billion) in the first four months of this year, up 109.08 yuan from the figure in the January-March period.
China Construction Bank opens first office in Russia
2011-05-31 09:24:37
China Construction Bank (CCB) said on Monday that its first representative office in Russia has opened in Moscow.
Foreign staff to be covered by social insurance
2011-05-30 17:11:49
China is drafting details of the Social Insurance Law that will allow it to apply to foreign employees, a senior official with the Ministry of Human Resources and Social Security said Monday.
Cross-border trade RMB settlement welcomed: HSBC
2011-05-30 13:56:29
The future of cross-border trade RMB settlement is inspiring, says HSBC Bank (China), the Economic Information Daily reported Monday.
Australian financial services eye China opportunity
2011-05-30 13:43:40
China's rapid economic growth is not just driving demand for Australia's resources, but is also providing opportunities for financial services, Australian Trade Minister Craig Emerson said on Monday.
Yuan up to new high at 6.4856 per USD Monday
2011-05-30 10:29:51
The Chinese currency Renminbi, or the yuan,strengthened 42 basis points to an all-time high at 6.4856 per US dollar on Monday, according to the China Foreign Exchange Trading system.
Chinese shares open slightly lower Monday
2011-05-30 10:03:30
Chinese shares opened lower on Monday, with the benchmark Shanghai Composite Index down 0.20 percent to 2,704.49.
Electronic payment licenses to boost sector
2011-05-30 10:00:26
The issue of third-party online payment permits in China this week will boost the sector's development through giving it a legal status, analysts said.
Relax overseas investment rules: experts
2011-05-30 09:42:11
Experts have suggested that the government should remove restrictions on private-sector businesses and individuals making direct overseas investments, pointing out that it could benefit the domestic economy.
Asian nations called to cross hold currencies
2011-05-28 15:08:41
Asian nations should promote cross-holding of their currencies and trim reliance on currencies of certain nations to push forward reform on the international monetary system, said Fan Gang, a former adviser to China's central bank, on Saturday.
CDB to buy stakes in TPG
2011-05-28 11:30:47
The China Development Bank (CDB), one of China's three policy banks, said on Friday that the China Development Bank Capital Co Ltd, a wholly-owned subsidiary of the CDB, is planning to buy a minority stake in a leading US private equity fund, TPG Capital.
