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Deutsche Bank Launches Blue Water Fintech Space in Shanghai
Deutsche Bank has launched a new fintech innovation hub in Shanghai, as part of efforts to foster cooperation with the Chinese fintech sector. More »
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Outstanding Total Social Financing up 10.7% YoY in August
The latest data from the Chinese central bank points to a more than 10% rise in outstanding total social financing for the month of August. More »
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Beijing Fintech Research Institute to Open in Xicheng District
The Beijing municipal government hopes to launch a new fintech research institute in the city’s Xicheng district. More »
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ICBC Officially Launches Sensor-Free Payments System, Collects Car Parking Fees via License Plate Scans
The world’s biggest bank hopes to facilitate the convenience of the payment process via the launch of a new “sensor-free” system. More »
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Chinese Banking Executives Grab Top Spots in Provincial Government
A senior executive from the world’s biggest bank has been appointed to a top position in the Guizhou province government, continuing a trend of transfers from the Chinese banking sector to regional administration. More »
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CSRC Unveils 12 Key Missions for Reform of Chinese Capital Markets
China’s securities regulator has unveiled plans for the country’s capital markets. More »
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Beijing Cancels Investment Ceiling for Qualified Foreign Institutional Investors
The Chinese central government has rescinded the ceiling on investments levels for overseas institutional investors. More »
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Beijing Drives Reform of Key Financial Infrastructure
Beijing has flagged further reform of China’s key financial infrastructure systems at a recent central government meeting. More »
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CBIRC Targets Affiliate Transactions in Insurance Sector, Use of Insurers as “ATM’s”
The China Banking and Insurance Regulatory Commission (CBIRC) is cracking down on illicit affiliate transactions within the Chinese insurance sector. More »
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Agency Sales of Funds by Leading Chinese Banks Slides in First Half of 2019
Major Chinese banks have seen a sizeable decline in their agency sales of funds in the first half of 2019, as Sino-US trade tensions and stricter asset management regulations take their toll on the sector. More »
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