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PayPal’s China Entry Expected to Shake up Mobile Payments Market
The entry of payments giant PayPal into the Chinese market is expected to further winnow out smaller players in the sector. More »
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Fintech Partners of Beijing Banks Come under Tighter Scrutiny
Beijing’s municipal financial authority has launched new regulations that put greater pressure on fintech companies that cooperate with regional banks. More »
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PBOC Unveils New Rules for Acceptance of Debt-based Assets
The Chinese central bank plans to launch new asset management regulations for the standardisation and recognition of debt-based assets. More »
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Use of Alternative Data in China Rife with Abuse: Senior Central Bank Official
A senior official from the People’s Bank of China (PBOC) has highlighted widespread abuses in the use of alternative data by the finance sector. More »
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Chinese First Home Loan Rates Rise for Fourth Consecutive Month to 5.51% in September
Average first home loan rates in China posted their fourth consecutive month of increase in September. More »
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Beijing Sets Timeframe for Cancellation of Foreign Investment Ceilings for Chinese Securities Firms
The Chinese central government has outlined a new timetable for the removal of foreign ownership ceilings for companies in the domestic securities sector. More »
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Mobile Payments Drive 16% Rise in Chinese Consumption: Ant Financial Research Report
A new research report from a cohort of China’s leading universities indicates that mobile payments plays a key role in driving consumption levels. More »
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Executive Equity Holdings in Chinese Banks and Insurers Rise $16.9M in 2019
Equity in Chinese banks and insurance companies held by senior executives has seen a sizeable increase since the start of 2019. More »
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China Construction Bank Unveils Upgraded Version of Blockchain-driven Trade Finance Platform
One of China’s big state-owned banks has launched a raft of new functions for its blockchain-driven trade finance platform in the wake of strong popularity during the eighteen months since its launch. More »
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China’s Banking Regulator Launches Campaign for Protection of Consumer Rights
The China Banking and Insurance Regulatory Commission (CBIRC) has launched a new campaign for the protection of the rights and interests of financial consumers. More »
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