Working Group News
China Focus: China's economy has bottomed out, says economists
Digesting recent economic numbers, financial institutions across the globe have reached a general consensus: China's economy has bottomed out.
Chinese bank financing for foreign trade surges
The volume of outstanding trade financing between banks and China's exporters and importers amounted to 2.96 trillion yuan ($469 billion) at the end of September, 34.2 percent higher than a year earlier, according to new official data.
Banks need new culture
Remuneration structures linked to short-term performance have created incentives for dishonesty and must be changed.
More easing 'in the pipeline'
Beijing is expected to make more policy-easing moves in the short term as economic growth is forecast to fall below 8 percent in the second quarter, economists said.
Assets of China's lenders rise
The total assets of China's lenders exceeded 120 trillion yuan ($18.86 trillion) by the end of May, according to data released by China Banking Regulatory Commission on Monday.
Banks move to smart cards
The view that banks are reliable and take good care of people's deposits is no longer true, at least in Zhao Ren's eyes.
Read moreChina pledges full coverage of pension system
China will improve the pension system to ensure that by 2015, the number of urban workers and residents underwriting the basic old-age insurance policies will reach 357 million, and the eventual aim is to achieve full coverage of the new rural old-age insurance system and urban employees' pension insurance system.
Junk bonds entering the market
The State's green light is on for small and medium-sized enterprises' junk bonds, synonymous with high-risk but high-yield and low credit ratings. SMEs are excited about the development but the market has mixed feelings. [Photo/China Daily]
Chinese Banks May Lose 100Bln Income amid New Round Rate Cut
The move will increase competition within Chinese banks as they raise deposits rate to attract more money
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