The Duxes Finance Series news portal, provides information on breaking developments in the global finance industry, with a special focus on cutting-edge improvements in Fintech. The website features in-depth coverage of product innovation and development in the payment, consumer finance, and finance industries, as well as thorough analysis of the regulatory environment for Fintech, with the goal of promoting exchange and dialogue across the industry.
Whilst China's future growth outlook is the lowest it has been for several years, the country is now taking more steps than ever to open up to the rest of the world, according to the latest government policy reports.
China will encourage stronger support for elderly citizens and enable access to a greater variety of insurance products among the public, according to a recent announcement.
Allianz (China) Insurance Holding Co., Ltd, has been approved by regulators in China, making it the first entirely foreign-owned insurance holding company to operate in the nation, according to the latest reports.
Earlier this month, China removed its longstanding limits on foreign ownership in the life insurance market. This move will have far-reaching implications beyond the sector, as international players bring their skills into what is set to be the world's biggest insurance industry by 2030, said commen ...
As the People's Bank of China (PBOC) gears up to release its own digital version of the national currency, some of the country's billionaires – such as Jack Ma and Pony Ma – could find that the project brings with it some of their toughest competition so far.
China faces the greater risk of money laundering and the financing of terrorist groups as the nation becomes more integrated into global markets. To combat money laundering and terror financing, Chinese Banking and Insurance Regulatory Commission issued new guidelines, which has taken effect since 2 ...