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04

2018-04

Licensing to the second wave of privately-owned banks officially started: Chongqing Fumin Bank got approved The 21st Century Business Herald reported that Chongqing Fumin Bank had got official approval from the CBRC to establish its private banking business on the afternoon of May 18. It is the first of the 12 privately-owned banks under review to have been licensed. This signals licensing to the second wave of privately-owned banks has officially started. MORE +

30

2017-08

Global economic warming In the first half of 2017, the actual growth rate of GDP in China was 6.9%, and the nominal growth rate rose to 11.8%, both of which were higher than last year. The profit of non-financial enterprises was resumed after the decline of the last two years. At the same time, tightened financial regulation has been further established this year, and the restrictions on various shadow banking businesses have increased. The growth rate of M2 has dropped to less than 10% in recent years. Although monetary tightening has restrained some of the financing activities, it does not change the steady growth of the domestic economy as a whole. The price trend is split, the price of industrial products is rising as a whole, and the profit of industrial enterprises is improved greatly. In the aspect of consumer goods, because of the reform of the price formation mechanism of agricultural products, some food prices are facing structural downside pressure, which can inhibit the CPI. The overall economy is growing steadily and inflation pressure is moderate. MORE +

29

2017-06

Dispersion is the only free lunch In China, our customers are mainly 40 years old. We have also seen a number of wealth management reports. The average age of the average assets over 1 billion yuan in the Chinese wealth population is from 40 to 50. If the average asset is around 100 million yuan, the average age is about 38 years old; then down to 10 million yuan, the average age can be only 30 years old. This determines the Chinese customer market is wealth market. MORE +

27

2017-06

Where is private equity investment opportunities? With the slowdown of macroeconomic growth and industrial upgrading, the integration of mergers and acquisitions will become an important way for enterprises to become stronger and stronger. Private equity mergers and acquisitions will become an important direction for future development, and drive private equity industry to enter a new stage of development. MORE +

29

2016-03

Hanhua released 2015 annual report, completed plan of accelerating transformation Hanhua Financial Holding Co., Ltd. (hereinafter referred to as "Hanhua Financial", "Hanhua" or "the company", HKSE: 3903), which is listed in Hong Kong, released its 2015 results today. The company continued to adhere to the principle of steady operation and proper expansion in 2015, with total assets increasing 16.9% from a year ago to 13.961 billion yuan. Its revenue stood at 1.752 billion yuan in the year, with a net profit of 352.1 million yuan. Faced with the pressure that China’s macro-economy grew at a slower pace, Hanhua was still proactively supportive of the development of small- and medium-sized enterprises (SMEs), with outstanding SMEs loans rising 6.4% year on year to 4.3775 billion yuan by year end. MORE +

09

2016-03

Hanhua Financial Holding acquires Zhongli Insurance, trying to innovate on the insurance services with the inclusive financial thought On March 8th, Hanhua Financial Holding Co., Ltd. (HKSE:3903) announced that the company recently completed the entire equity acquisition of Zhongli Insurance Sales Co., Ltd. through its subsidiary, the Hanhua Internet Financial Services (Shenzhen) Co., Ltd. Officials from the company said that this was another important strategic step for Hanhua Financial Holding to include the Internet insurance into the great inclusive financial development strategy after the established medium, small, micro-sized and personal financial services of guarantee, credit, leasing, factoring, capitals, etc. MORE +

09

2016-01

President Zhang Guoxiang of Hanhua Financial Holding won the title of "Annual China’s Excellent Inclusive Financier" On January 8th, 2016, the 2016 Zhongguancun Internet Finance Forum and the 3rd Inclusive Finance Forum hosted by the Zhongguancun Internet Financial Research Institute and CIF30 was held in Beijing. The president and founder of Hanhua Financial Holding, Zhang Guoxiang, was awarded the "Annual China’s Excellent Inclusive Financier of 2015” and his company, Hanhua Financial Holding, was awarded the “Annual China's most Influential Inclusive Financial Services Provider of 2015". MORE +

19

2015-05

Chongqing Fumin Bank is approved to be set up, private banks set-up enters into normalization Recently, our journalist was informed from the Chongqing Finance Office that China Banking Regulatory Commission has approved the set-up of Chongqing Fumin Bank in Chongqing, classified as private bank. It becomes the sixth private bank approved after the first five pilot private banks, and the first approved private bank after promoting the normalization of private bank. MORE +