China's financial liberalization can unlock new opportunities
4 years, 2 months ago

China's financial liberalization can unlock new opportunities

China Daily  

Mr.ROSARIO STRANO, head of Intesa Sanpaolo’s China Strategic Project and former COO. In this episode, China Daily website talks with Intesa Sanpaolo, the largest Italian bank, which is also an opening-up beneficiary and contributor of Chinese financial market. We are in constant touch with the central authorities, and I believe Intesa Sanpaolo's projects in China represent a good example of successful cooperation between the two countries. We believe firmly that China's blossoming domestic economy will play to Intesa Sanpaolo's strengths in wealth management and protection. China's wealth management market is young and vibrant, still experiencing exponential growth.

Business Italy China Financial Wealth Management Italian Wealth Management New Opportunities Qingdao Coo Clients Our Group Chinese Market Intesa Intesa Sanpaolo Sanpaolo Bank Of Qingdao Yi Tsai  unlock  chinas  opportunities  financial  sanpaolo  intesa  chinese  market  management  wealth  business  china  liberalization  clients

History of this topic

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 6 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's state council issues guidelines on advancing key areas in financial sector
Trending News
3 weeks, 6 days ago

China's state council issues guidelines on advancing key areas in financial sector

China Daily  

BEIJING - The General Office of the State Council has issued guidelines to accelerate efforts to build China into a country with a strong financial sector and promote development in five major areas, namely, technology finance, green finance, inclusive finance, pension finance and digital finance. High-quality financial services will be provided to support major national strategies, key sectors and weaker …

China's foreign trade upgrade thrives with financial support
2 months, 1 week ago

China's foreign trade upgrade thrives with financial support

China Daily  

A container ship leaves Qingdao Port, Shandong province. To a certain extent, the substantial growth financial institutions witnessed in new business models exemplified the accelerated pace of China's foreign trade in terms of digital transformation and innovation. The proactive support of financial institutions in these areas not only provides funding for foreign trade enterprises but also injects strong momentum into …

China to steadily push forward financial opening-up: central bank
Trending News
4 months, 3 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Xinhua | Updated: 2024-11-07 17:00 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, …

China to steadily push forward financial opening-up: central bank
Top News
4 months, 3 weeks ago

China to steadily push forward financial opening-up: central bank

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. BEIJING - China will steadily promote institutional opening-up of the financial service sector and the financial market, and expand connectivity between domestic and overseas financial markets, according to the central bank. China will continue to implement a supportive monetary policy, improve the quality and efficiency …

China at center of our business, says StanChart Group CEO
4 months, 3 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

China at center of our business, says StanChart Group CEO
4 months, 3 weeks ago

China at center of our business, says StanChart Group CEO

China Daily  

Standard Chartered's booth during the ongoing 7th China International Import Expo. BEIJING — China remains a key focus for Standard Chartered Bank and the group's overall commitment to the country has only increased, said Bill Winters, group CEO of the banking corporation, in a recent interview with Xinhua News Agency. He noted that this adjustment sometimes means expanding operations in …

Chinese funds help energize Global South
7 months ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

China taking steps to expand market access
8 months ago

China taking steps to expand market access

China Daily  

Large ships under construction at a shipyard in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday. China is revising and will publish the regulations for strategic investments by foreign …

HK to bolster role as offshore renminbi hub
8 months ago

HK to bolster role as offshore renminbi hub

China Daily  

China will reinforce the role of the Hong Kong Special Administrative Region as an offshore renminbi hub to bolster its efforts to steadily lift the global profile of the renminbi, a course that is significant for both China and the world economy, according to financial officials and experts. Huang Yiping, dean of Peking University's National School of Development, said, "With …

Key meeting to focus on real economy
8 months, 3 weeks ago

Key meeting to focus on real economy

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. China's new round of financial reform is expected to focus on improving the financial system's ability to better support the country's modernization drive, with a priority on bolstering technological innovation and the broader real economy, said financial experts and executives. Tian Xuan, associate dean of Tsinghua …

Fintech, large language models match made in heaven
8 months, 4 weeks ago

Fintech, large language models match made in heaven

China Daily  

A judge comments on projects during the HICOOL Global Entrepreneur Competition in Beijing in June. The rapid emergence of new technologies, particularly AI represented by large language models, is driving transformative changes in China's financial sector. Yang Xiaojing, an AI standards expert with the Internet Society of China, said China's fintech sector is among the global leaders, especially in the …

Fintech, large language models match made in heaven
8 months, 4 weeks ago

Fintech, large language models match made in heaven

China Daily  

A judge comments on projects during the HICOOL Global Entrepreneur Competition in Beijing in June. The rapid emergence of new technologies, particularly AI represented by large language models, is driving transformative changes in China's financial sector. Yang Xiaojing, an AI standards expert with the Internet Society of China, said China's fintech sector is among the global leaders, especially in the …

Financial reforms in focus at forum
9 months, 1 week ago

Financial reforms in focus at forum

China Daily  

CSRC Chairman Wu Qing speaks at the Lujiazui Forum in Shanghai on Wednesday. CHEN MENGZE/FOR CHINA DAILY Continued efforts will be made to advance China's high-standard financial opening-up and improve the financial sector's support for the real economy, especially new quality productive forces, the country's top financial regulators said at the twoday Lujiazui Forum which opened in Shanghai on Wednesday. …

Financial industry pageant sees 15th anniversary
9 months, 4 weeks ago

Financial industry pageant sees 15th anniversary

China Daily  

A view of the Lujiazui area in Shanghai. The 2024 Lujiazui Forum, a financial industry pageant which will celebrate its 15th anniversary this year, will be held in Shanghai from June 19 to 20, local officials said during a press conference on Tuesday. The theme of this year's Lujiazui Forum will be centered on how China's high-level financial development can …

Financial industry pageant sees 15th anniversary
9 months, 4 weeks ago

Financial industry pageant sees 15th anniversary

China Daily  

A view of the Lujiazui area in Shanghai. The 2024 Lujiazui Forum, a financial industry pageant which will celebrate its 15th anniversary this year, will be held in Shanghai from June 19 to 20, local officials said during a press conference on Tuesday. The theme of this year's Lujiazui Forum will be centered on how China's high-level financial development can …

Top financial watchdog to aid development of foreign institutions in China
10 months, 3 weeks ago

Top financial watchdog to aid development of foreign institutions in China

China Daily  

A clerk counts cash at a bank in Nantong, Jiangsu province. The National Financial Regulatory Administration is planning to introduce more opening-up measures to address legitimate concerns of foreign institutions and improve regulations on foreign banks and insurers, thereby facilitating the development of foreign institutions in China, an official of the top financial watchdog told China Daily in an exclusive …

Two-way financial opening-up to expand more this year
1 year ago

Two-way financial opening-up to expand more this year

China Daily  

Participants share a lighter moment at a roundtable on Asian financial market development and financial globalization during the Boao Forum for Asia Annual Conference 2024 on Friday. FENG YONGBIN/CHINA DAILY China will work to further expand its financial opening-up this year as part of its efforts to attract more foreign investment and bolster the world's second-largest economy, officials and experts …

Foreign capital in financial sector in focus
1 year ago

Foreign capital in financial sector in focus

China Daily  

Yi Gang, deputy director of the Committee on Economic Affairs of the 14th National Committee of the Chinese People's Political Consultative Conference, delivers a speech during the ongoing two sessions on Thursday in Beijing. ZOU HONG/CHINA DAILY Chinese policymakers and political advisers during the ongoing two sessions have stressed the need to attract more foreign investment in the country's financial …

Regulation key to boosting digital finance
2 years ago

Regulation key to boosting digital finance

China Daily  

A staff member demonstrates the payment with China's digital yuan, or the e-CNY, during the first Global Digital Trade Expo in Hangzhou, East China's Zhejiang province, Dec 12, 2022. Officials and experts attending the Boao Forum for Asia Annual Conference 2023 called for enhanced financial regulation to fend off potential risks and boost innovation in the finance sector in the …

China investors call it quits as Xi, ‘zero COVID’ sap confidence
2 years, 8 months ago

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Al Jazeera  

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year. Once a regular investor in Chinese tech companies, Lian now views China as an increasingly risky bet as the country’s autocratic turn under Xi Jinping and ongoing “zero COVID” lockdowns cast a cloud over the economy. In one of the most prominent episodes of …

Gains from new financial standards plan foreseen
3 years, 1 month ago

Gains from new financial standards plan foreseen

China Daily  

A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry. A new plan to advance standardization in the financial sector during the 14th Five-Year Plan period will facilitate the high-quality development of China's financial services industry and help improve the development efficiency of the …

Financial giants to further tap A shares
3 years, 7 months ago

Financial giants to further tap A shares

China Daily  

An investor checks stock prices at a brokerage in Fuyang, Anhui province. Foreign-invested financial institutions are racing to enter China's securities sector as the country pushes ahead to further open its domestic capital market. JPMorgan recently announced on its website that the China Securities Regulatory Commission has approved the registration of JPMorgan International Finance Ltd taking a 100 percent stake …

China to deepen financial opening-up, strengthen financial services for real economy
3 years, 8 months ago

China to deepen financial opening-up, strengthen financial services for real economy

China Daily  

Photo taken on Jan 14, 2021 shows a night view of Lujiazui in Pudong of East China's Shanghai municipality. Chinese Premier Li Keqiang on Wednesday heard a report on advancing financial opening-up at a State Council executive meeting, where he also chaired discussions on work related to greater financial openness and stronger financial services in boosting the real economy. The …

Nation to streamline wealth management market
3 years, 8 months ago

Nation to streamline wealth management market

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. China is expected to form a standardized, unified and highly efficient wealth management market with fair competition and high standards, said a recent report by Zhixin Investment Research Institute. The country's new asset management rules will have a deep impact on its wealth management market, …

Shanghai to be financial hub for yuan-denominated assets
4 years, 2 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

Tourists enjoy the view of Lujiazui, Shanghai. By 2035, Shanghai should aim to be a top global financial center featuring yuan-denominated assets accessible to investors from all over the world as well as a modern and open financial market, Tu said. Shanghai should be able to guarantee liquidity when investors are settling or hedging risks for renminbi assets, said Zhou …

Shanghai to be financial hub for yuan-denominated assets
4 years, 2 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

Shanghai to be financial hub for yuan-denominated assets
4 years, 2 months ago

Shanghai to be financial hub for yuan-denominated assets

China Daily  

An aerial view of Shanghai. Foreign institutions to increase participation in sectors like securities, insurance Although it is still uncertain as to how long COVID-19 will ravage humanity and wreak havoc on markets worldwide, indications point to Shanghai increasingly becoming a global business hub, and these views are supported by the many job ads posted shortly after the new year …

Financial liberalization to spur foreign firms in nation
4 years, 4 months ago

Financial liberalization to spur foreign firms in nation

China Daily  

Billboards of foreign and domestic financial institutions are seen on a street in Shanghai. Chinese financial sector's further opening-up will bring more opportunities for foreign financial institutions to unleash the potential of the country's wealth management market, said an Italian executive. "Yi Tsai's business achieved positive progress after one year's operation in Qingdao, though the COVID-19 pandemic had a big …

Shanghai's role as global financial hub sure to expand
4 years, 4 months ago

Shanghai's role as global financial hub sure to expand

China Daily  

Given the huge focus on the novel coronavirus pandemic, one story that has gone relatively underreported this year has been the continued rise of Shanghai as an international financial center. According to the Global Financial Centres Index, published in September jointly by the Z/Yen Group, a UK think tank, and the China Development Institution, a Shenzhen-based research body, it had …

Shanghai's role as global financial hub sure to expand
4 years, 4 months ago

Shanghai's role as global financial hub sure to expand

China Daily  

Given the huge focus on the novel coronavirus pandemic, one story that has gone relatively underreported this year has been the continued rise of Shanghai as an international financial center. According to the Global Financial Centres Index, published in September jointly by the Z/Yen Group, a UK think tank, and the China Development Institution, a Shenzhen-based research body, it had …

Official: China's financial industry in smooth operation
4 years, 7 months ago

Official: China's financial industry in smooth operation

China Daily  

China's financial industry has been steadily operating with generally controllable risks, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission told Xinhua in an interview. This year, China has lowered the average reserve requirement ratio three times while providing financial institutions with 1.8 trillion yuan worth of re-lending and rediscount quotas, which effectively cranked up the development of …

Reforms bring big benefits for small firms
4 years, 9 months ago

Reforms bring big benefits for small firms

China Daily  

An employee counts money at a bank in Huaibei, Anhui province. Market-oriented measures set to boost efficiency of financial industry The recently announced financial reform package underscores the central authorities' intention to strengthen the capacity of China's financial industry in supporting smaller businesses to help facilitate a steady economic recovery and ensure stability in key areas, including employment and people's …

Shinan-based foreign bank subsidiary obtains fund distribution license
5 years, 3 months ago

Shinan-based foreign bank subsidiary obtains fund distribution license

China Daily  

An official ribbon-cutting ceremony is held on Dec 12 in Qingdao to celebrate Yi Tsai having obtained a fund distribution license. Yi Tsai, a fully-owned subsidiary of Italy's largest banking group Intesa Sanpaolo, which is based in Shinan district, Qingdao, recently received a fund distribution license from local authorities and became the first foreign bank subsidiary to offer wealth management …

Poised to make a difference
5 years, 11 months ago

Poised to make a difference

China Daily  

Chinese and international students of Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, who come from diverse backgrounds, enjoy studying and socializing together. The major tasks include the addition of new areas for the China Pilot Free Trade Zone, launching a science and technology innovation board on the Shanghai Stock Exchange and an experimental registration-based system for initial …

Foreign firms weigh in on China's financial opening-up
6 years ago

Foreign firms weigh in on China's financial opening-up

China Daily  

Foreign financial service companies gave the thumbs up to China's steps to reform and open up its financial market over the past several decades — though there is still room to develop, they said. The Toronto-based Manulife Financial said in a report seen by China Daily website at the China Development Forum on Saturday that the Chinese government has made …

Finance standards to be unified
6 years ago

Finance standards to be unified

China Daily  

Yi Gang, governor of the People's Bank of China, discusses with Jacob Lew, former US Treasury secretary, during the China Development Forum 2019 in Beijing on Sunday. Central bank governor says move will improve domestic, foreign capital markets China will upgrade its financial opening-up tasks for this year by unifying regulatory rules for domestic and foreign players in the financial …

China further opens up its financial sector to foreign investment
6 years, 9 months ago

China further opens up its financial sector to foreign investment

China Daily  

A Chinese employee interacts with his foreigner colleague at an Eastman Chemical Company plant at Kingsport, Tennessee, the US, on May 22. Since its accession to the WTO, China has advanced reform of its financial system and pushed the opening of its financial market into further depth and width. From the end of 2017, China has announced a series of …

Further opening-up to attract more investment
6 years, 11 months ago

Further opening-up to attract more investment

China Daily  

Wu Xiaoqiu, vice-president of Renmin University of China, delivers a speech during the Boao Forum for Asia Annual Conference 2018 on Wednesday. New reform measures will help widen access to country's financial market The liberalization of China's financial service industry and capital market will draw more investment from overseas institutional investors and will help boost the global profile of the …

Capital market to open further
7 years, 1 month ago

Capital market to open further

China Daily  

China will accelerate the opening of its capital market to foreign asset managers and the market will likely see a surge in new investment products offered by foreign funds in the first quarter of this year, according to a senior official of the Asset Management Association of China. Recent stock market volatility and intensified regulation to curb financial risks will …

Fintech to energize real economy, cut risks
7 years, 3 months ago

Fintech to energize real economy, cut risks

China Daily  

Financial technology, or fintech, should be given full play to energize the real economy and rein in potential risks, according to officials, executives and experts attending the 4th World Internet Conference in Wuzhen, Zhejiang province. Serving the real economy is the "direction and operating guide" of the financial industry, said Liu Guoqiang, assistant governor of the People's Bank of China, …

Chinese market will entice UK financial services
7 years, 4 months ago

Chinese market will entice UK financial services

China Daily  

China's move to further open up its financial industry will help major banks and fund managers in the United Kingdom find new markets after Brexit. International financial players, including JP Morgan Asset Management, Standard Life Aberdeen Plc, UBS, HSBC Holdings Plc and Goldman Sachs, have welcomed the decision and confirmed their interest in China. "Other financial market developments in China, …

China's Fintech contributes to world in technology and business models
7 years, 6 months ago

China's Fintech contributes to world in technology and business models

China Daily  

Executive Associate Dean of PBC School of Finance, Tsinghua University Liao Li makes a speech on the 2nd China Fintech Conference in Beijing on Sept 17, 2017. Since 2013, which is viewed as the first year of the internet finance era in China, Fintech has greatly changed people's life and altered established structures in finance sector. Another report by World …

China's Fintech contributes to world in technology and business models
7 years, 6 months ago

China's Fintech contributes to world in technology and business models

China Daily  

Executive Associate Dean of PBC School of Finance, Tsinghua University Liao Li makes a speech on the 2nd China Fintech Conference in Beijing on Sept 17, 2017. Since 2013, which is viewed as the first year of the internet finance era in China, Fintech has greatly changed people's life and altered established structures in finance sector. Another report by World …

China should open up financial sector: Think tank
7 years, 6 months ago

China should open up financial sector: Think tank

China Daily  

HANGZHOU — China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. "The pace of financial opening up has fallen behind the real economy.. China has every reason to carry forward reform to realize sustainable economic development, prevent systematic financial risks and play a greater role in global …

Fintech reshapes finance, challenges regulation, say experts[1]- Chinadaily.com.cn
7 years, 6 months ago

Fintech reshapes finance, challenges regulation, say experts[1]- Chinadaily.com.cn

China Daily  

Zhu Min, former deputy managing director of IMF, makes a speech on the 2nd China Fintech Conference Agenda held in Beijing on Sept 17, 2017. Financial technologies have overhauled the entire ecosystem of finance from the supply side, to demand side and to basic infrastructure and have caused shockwaves to the regulation and legislation, said Zhu Min, former deputy managing …

China's fintech boom a wake-up call for regulatory tech
7 years, 8 months ago

China's fintech boom a wake-up call for regulatory tech

China Daily  

An Alipay logo is seen at a train station in Shanghai, February 9, 2015. A deadline is looming for China's internet finance industry, as a one-year grace period for the fast-growing online lending market to comply with new rules expires in mid-August. At a dedicated session on financial technology and regulation, a major source of concern was how China can …

China's fintech boom a wake-up call for regulatory tech
7 years, 8 months ago

China's fintech boom a wake-up call for regulatory tech

China Daily  

An Alipay logo is seen at a train station in Shanghai, February 9, 2015. A deadline is looming for China's internet finance industry, as a one-year grace period for the fast-growing online lending market to comply with new rules expires in mid-August. At a dedicated session on financial technology and regulation, a major source of concern was how China can …

Reform in financial sector imperative for progress
7 years, 9 months ago

Reform in financial sector imperative for progress

China Daily  

A bank clerk tells a customer how to use the mobile banking services at a bank in Nantong, Jiangsu province, Sept 21, 2016. Healthy financial institutions are a prerequisite for preventing a financial crisis, as central bank governor Zhou Xiaochuan rightly pointed out at this year's Lujiazui financial forum in Shanghai on Tuesday. In the Government Work Report he delivered …

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