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An increasing number of Chinese firms are adopting credit insurance as a tool to manage credit risk despite experiencing less overdue payment over the recent years, a latest survey has found.
Palm oil tumbled to the lowest in almost three months on expectation that output in Malaysia may grow this year and on speculation unrest in Libya and the Middle East may continue.
Stocks on the Chinese mainland rose for a second day as surging oil prices boosted the earnings outlook for energy producers and airlines gained on prospects for increased infrastructure investment from the government.
Mutual fund giant Fidelity is actively preparing to enter the Chinese mainland by securing a trust company license in one of the world's fastest-growing asset management markets, a person familiar with the situation said on Wednesday.
China's banking regulator said Thursday that it would seek to increase loans from the country's banks to the agriculture industry and rural areas, as well as extend more credit for small enterprises this year.
China will ensure the growth of new loans to rural areas and small enterprises this year, the banking regulator said on Thursday.CBRC to lend more to rural areas, SMEs
The Commonwealth Bank of Australia has opened its first county bank branch in central China's Henan province, a key farming region, to offer lending, deposit and fee-based services to small and medium-sized businesses and business owners.
China's top five State-owned banks have called off the mortgage rate discounts for first-time home buyers. They will stick to the benchmark lending rate set by the central bank, the China Securities Journal reported Thursday.
Chinese shares closed higher Thursday with the benchmark Shanghai Composite Index up 15.97 points, or 0.56 percent, to 2,878.60.
The Bank of Shanghai has submitted its listing application to the banking regulator and is targeting an initial public offering (IPO) this year, the Shanghai Securities News reported on Thursday, citing a government official.
Stocks on the Chinese mainland rose, with the benchmark index climbing from the biggest loss in a month, as investors sought gold and healthcare companies as a hedge against inflation after violence escalated in Libya.
China aims to widen the channels for private capital to tap the country's banking sector and to encourage private investors to play a bigger role in rural financial institutions, the China Banking Regulatory Commission (CBRC) said on Wednesday.
