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Ping An Insurance says Hong Kong important hub despite mass protests

16 Aug 2019

HONG KONG/SHANGHAI Ping An Insurance (Group) Co of China, the country's largest insurer by market value, said on Friday Hong Kong remains an important hub despite escalating mass protests, a day after it posted its strongest half-year profit growth in over a decade.

Exclusive: Ping An-backed Lufax to ditch P2P lending on regulatory woes - sources

18 Jul 2019

BEIJING/SHANGHAI Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance , plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Exclusive: Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources

18 Jul 2019

BEIJING/SHANGHAI Lufax, one of China's largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct knowledge of the matter told Reuters.

Big Chinese banks' profits mask building risks to asset quality

30 Oct 2018

BEIJING/SHANGHAI The risk of deteriorating asset quality will loom over China's biggest banks, analysts said, even as the nation's biggest lenders have reported rising profits and steady bad loan ratios.

REFILE-WRAPUP 1-Big Chinese banks' profits mask building risks to asset quality

30 Oct 2018

BEIJING/SHANGHAI, Oct 30 The risk of deteriorating asset quality will loom over China's biggest banks, analysts said, even as the nation's biggest lenders have reported rising profits and steady bad loan ratios.

A banker's woe: Chinese wealth may get harder to snag for global bankers

24 Oct 2018

HONG KONG/SHANGHAI News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing's growing curbs on overseas investments and outflows.

China to allow bank wealth-management funds to be invested in stocks

19 Oct 2018

BEIJING/SHANGHAI China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares.

China to allow bank wealth-management funds to be invested in stocks

19 Oct 2018

BEIJING/SHANGHAI China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares.

Ein Fall für den Wahrsager - Chinesen suchen Klarheit im Handelsstreit

31 Aug 2018

Shanghai/Hongkong Der Handelsstreit mit den USA macht viele Chinesen ratlos.

China's top bank ICBC flags trade war risks as profits rise

30 Aug 2018

SHANGHAI/BEIJING Industrial and Commercial Bank of China, the world's largest commercial bank, joined its peers in reporting higher first-half profit and a steady bad loan ratio, but flagged trade tensions as a risk to economy.

World News