Japan's central bank, the Bank of Japan, opened an office in Beijing, becoming the second country after South Korea to set up a central bank representative office in China. China's c... Read more
A Chinese auction of US$3 billion in non-performing loans found buyers for only three of the 22 NPL packages available. One of the asset management companies established to manage the RMB 1.... Read more
China Reinsurance Co, China's sole reinsurer, established three subsidiaries as part of its restructuring into a financial holding company. One subsidiary, China Continent Property Insur... Read more
The Bank of Japan (BOJ) opened a representative office in Beijing with the aim of strengthening financial cooperation with China, according to the Nihon Keizai Shimbun. The Japanese economic... Read more
The China Insurance Regulatory Commission (CIRC) granted foreign property insurance companies permission to conduct business in China's non-life sector. The commission said the deregulat... Read more
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