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Ping An Insurance says Hong Kong important hub despite mass protests

Aug 16 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

Jul 18 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

Jul 18 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

Jul 18 2019

* Lufax to pivot towards consumer finance, applying for licence

Big Chinese banks' profits mask building risks to asset quality

Oct 30 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.

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

Oct 24 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

Oct 19 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

Oct 19 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

Aug 31 2018

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

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

Aug 30 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