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Taiwan banks
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Taiwan and the Chinese mainland have signed a direct currency clearing memorandum, under which Taiwan banks can start yuan transactions via correspondent banks as long as the island's local authorities approve. Ten Taiwan banks, including Bank of Taiwan, Taiwan Cooperative Bank, and Chinatrust Commercial Bank, have been allowed to establish branches on the Chinese mainland.
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  • By Lin Wenjie In Hong Kong(China Daily)2017-12-08 06:20

    SAR's retirees banking on mainland social insurance for extra protection As Hong Kong's army of impending retirees begins to swell and ponders over what life would be like in their sunset years amid depleting savings and meager retirement funds, casting a "buffer" security net on the Chinese mainlan...

  • By Chen Jia(China Daily)2017-11-27 09:16

    A prospective customer makes enquiries at a booth of CreditEase at a financial services exhibition in Beijing.[Photo by A Jing/China Daily]CreditEase believes the sector will lead industry innovation and boost SMEsChinese financial technology or fintech firms are expected to lead industry innovation...

  • By Jiang Xueqing In Kunming(China Daily)2017-11-24 07:40

    Office workers pass a UOB branch in Singapore's central business district. [Photo/Agencies]United Overseas Bank (China) Ltd, a wholly owned subsidiary of Singapore-based UOB, opened a branch in Kunming, Yunnan province, on Thursday in an effort to help Chinese companies expanding into Southeast Asia...

  • (China Daily)2017-11-18 07:13

    On the morning of Oct 18, Xi Jinping, standing behind a lectern in the Great Hall of the People, delivered a report to the 19th National Congress of the Communist Party of China (CPC). The 32,000-character report, the most significant of its kind in recent decades, drew more than 70 rounds of applau...

  • By Chen Jia(China Daily)2017-11-17 08:56

    A unified platform for collecting personal financial information and assessing people's credit ratings is being planned, and it is expected to be launched soon as a part of the central bank's regulatory framework, experts told China Daily. It will complement the existing credit center of the People'...

  • By An Baijie And Zhang Yunbi(China Daily)2017-11-10 07:40

    Trump says meeting with Xi was 'absolutely terrific', as they discuss issues ranging from Korean Peninsula to bilateral trade President Xi Jinping and his US counterpart Donald Trump struck an upbeat, cooperative tone on Thursday on many key bilateral and regional issues, including the Korean Penins...

  • (China Daily)2017-11-08 07:10

    Services trade rises in first nine months Trade in services surged in China by 8.8 percent year-on-year to 3.44 trillion yuan ($518.7 billion) between January and September, the Ministry of Commerce said on Tuesday. In the first nine months, trade in emerging sectors' services totaled 1.05 trillion ...

  • (China Daily)2017-10-12 07:48

    Shanxi Province says it will cut pollution Shanxi province has joined other regions in northern China in taking steps to mitigate air pollution during the fall and winter. The coal-rich province will cut the levels of PM2.5(particulate matter with a diameter of 2.5 micrometers or less) and sulfur di...

  • By Li Xiaokun(China Daily)2017-09-21 07:05

    Singapore ties bolster region, president says Strengthening political trust between Beijing and Singapore and moving the relations forward are good for both sides, President Xi Jinping said on Wednesday. He made the remark at a meeting with Singaporean Prime Minister Lee Hsien Loong, who is on his f...

  • (China Daily)2017-08-28 07:26

    Events and stories coming up in the next few days Top legislative body to convene bimonthly session The Standing Committee of the National People's Congress, the country's top legislature, will hold its bimonthly session from Monday to Friday in Beijing. Members will discuss draft laws on nuclear sa...

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