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Alipay Starts to Charge for Cash Withdrawal from 12 October

27 Sept 2016

Alipay said in a statement that it will start to charge service fee for cash withdrawal from 12 October 2016....Read More


Chinese Insurer Offers First Medical Beauty Insurance

13 July 2016

Taiping General Insurance has teamed up with a Shanghai-based financial information services company’s internet beauty services platform Aimeidai (amy100.com) to offer the first medical beauty insuran...Read More


Individually-owned Business Opens up Further to Hong Kong

14 June 2016

The State Administration for Industry and Commerce (SAIC) recently released the Opinions on Further Lifting Control Over Application by Hong Kong and Macau Residents for Registration of Individually-O...Read More


Steering Group Formed to Create PBOC-led National Bills Exchange

8 June 2016

The People’s Bank of China (PBOC) has recently formed a steering group for the creation of a central exchange for commercial paper. The group, comprising officials from product innovation department o...Read More


Shanghai Takes the Lead in Integrated Customs Clearance Reform from June

7 June 2016

Shanghai Customs has kicked off a pilot programme of nationwide customs clearance reform since 1 June 2016, paving the way for the whole country to implement an integrated customs clearance management...Read More


Guiyang Summit Produces E-commerce Consensus

7 June 2016

The China Big Data Industry Summit and China E-Commerce Innovation and Development Summit (also known as Big Data Expo) held in Guiyang 26-29 May released at its closing the Guiyang Consensus of the 2...Read More


CIRC Clarifies Licensing for Banks Engaged in Sideline Insurance Agency Business

27 May 2016

The China Insurance Regulatory Commission (CIRC) recently issued its Circular on Matters Relating to the Administrative Licensing of Banks Engaged in Sideline Insurance Agency Business with a view to ...Read More


CBRC to Regulate Proxy Sales of Commercial Banks

23 May 2016

Proxy sales in commercial banking has witnessed rapid growth in recent years, but problems of misleading sales practices, unauthorised proxy sales, selling products without permission, and lack of cle...Read More


PBOC Further Regulates Access of Qualified Institutional Investors to Interbank Bond Market

16 May 2016

In order to regulate and develop the bond market as well as enhance market efficiency, the People’s Bank of China (PBOC) has issued a notice setting out clear rules governing the access of qualified i...Read More


Mainland Residents Warned of Risk in Buying Insurance from Hong Kong

4 May 2016

The China Insurance Regulatory Commission (CIRC) recently issued a warning to mainland residents on the risks of purchasing insurance products in Hong Kong in view of the surge in cross-border deals....Read More


China's Top Five Banks Waive Fees on Mobile Banking Money Transfers

9 March 2016

The Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications recently issued a joint statement on waiving fees on renminbi...Read More


China Issues Guidelines to Boost Express Delivery Industry

24 Nov 2015

The Opinions on Promoting the Development of the Express Delivery Industry recently issued by the State Council put forward China's aim to deliver 50 billion express parcels annually by 2020....Read More


NDRC Calls for Full Implementation of Measures on Infrastructure and Public Utility Franchises

22 July 2015

The National Development and Reform Commission (NDRC) recently issued a circular calling for efforts to better implement the Administrative Measures for the Granting of Infrastructure and Public Utili...Read More


CAAC Proposes to Build Air Silk Road

20 July 2015

The Civil Aviation Administration of China (CAAC) is looking into plans to build an air Silk Road and calling on airlines to step up their "going out" efforts and develop international networks to bui...Read More


State Council Approves Establishment of Insurance Investment Fund

16 July 2015

The State Council has recently agreed in principle to the establishment of the China insurance investment fund....Read More


China Slashes New IPOs

15 July 2015

The China Securities Regulatory Commission (CSRC) has recently said that China will suspend new share issues after the withdrawal of 28 initial public offerings (IPO)....Read More


China's Telecom Carriers Cut International But Not Domestic Roaming Rates

13 July 2015

China Telecom lowered its charges for roaming services for international, Hong Kong, Macau and Taiwan regions on 1 July. China Mobile and China Unicom already made similar cuts earlier....Read More


Shanghai-Hong Kong Gold Connect Starts on 10 July

9 July 2015

China is taking another major step towards opening its gold market to the outside world. Starting from 10 July, Hong Kong investors will be able to trade on the main board and international board of t...Read More


China Expands Pilot Scheme for Consumer Finance Companies Nationwide

2 July 2015

The State Council decided at a recent executive meeting to liberalise the consumer finance industry by expanding the pilot scheme for consumer finance companies from 16 cities to all parts of the coun...Read More


Minimum Subscription of Large-Denomination Certificates of Deposit Set at Rmb300,000 for Individuals

15 June 2015

The People's Bank of China, China's central bank, issued guidelines on 2 June allowing banks to issue large-denomination certificates of deposit (CDs) for the first time. Commercial banks, policy bank...Read More

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