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China’s Internet Security Sector Sees over 20% Per Annum Growth Since 2016, Could Exceed $8.5B by 2020
The Chinese internet security sector has seen roaring growth since the launch of the 13th Five Year Plan (2016 – 2020). More »
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Chinese Central Bank Launches Electronic Letter of Credit Information Exchange System with 14 Lenders
The People’s Bank of China’s (PBOC) hopes to facilitate letter of credit operations in China with the launch of a new online cross-bank letter of credit information sharing system. More »
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Postal Savings Bank of China’s Shanghai IPO Could Be the Biggest This Decade
The Shanghai listing of one of China’s big six state-owned banks could mark the biggest IPO on the mainland since the start of the decade. More »
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Bank of China Debuts Use of Blockchain to Issue Bonds for Micro and Small Enterprises
Big state-owned lender Bank of China (BOC) has made use of blockchain technology to facilitate the issuance of bonds to raise funds for micro and small enterprises. More »
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China Minsheng Bank Wins Industry Award for Innovative Fintech Applications
A leading joint-stock bank has taken out a top industry award for fintech innovation in China. More »
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PBOC to Trial Central Bank Digital Currency in Shenzhen, Suzhou; Big Four State-owned Banks to Take Part
The People’s Bank of China’s (PBOC) is expected to commence trials of its proposed statutory digital currency in key southern Chinese cities, with the participation of the country’s leading banks and telecoms companies. More »
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Opening of China’s Financial Sector Has Hit a “Bottleneck”: Huang Qifan
A leading Chinese politician has highlighted the limitations of China’s ongoing efforts to open up its financial sector to foreign participants. More »
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Central Bank Digital Currency Expected to Drive Internationalisation of the Renminbi
A leading figure from China’s internet finance sector has highlighted the ability of the Chinese central bank’s proposed statutory digital currency to help drive the internationalization of the renminbi. More »
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China’s Reliance upon Foreign Blockchain Code is Dangerous: Ex-Bank of China President
The former head of one of China’s big six state-owned banks says the country’s dependence upon blockchain code which isn’t developed domestically poses a hazard. More »
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Postal Savings Bank of China Opens Wealth Management Subsidiary
One of China’s big six state-owned banks has opened its own wealth management subsidiary. More »
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