Chinese Central Bank’s Official Newspaper Calls for Across-the-Board Deleveraging
The flagship news publication of the People’s Bank of China (PBOC) has called for leverage ratios to…
PBOC Expected to Implement Another Targeted Reserve Ratio Cut Around October
Domestic analysts expect the Chinese central bank to implement another targeted cut to the required reserve ratio…
“True Internet Finance” Means Artificial Intelligence, Big Data and Risk Control: Jack Ma
The founder of Chinese e-commerce giant Alibaba says that the emergence of new forms of fintech will…
MYBank to Join with 50 Financial Institutions to Supply 200bn Yuan on Double Eleven
Online lender MYBank (浙江网商银行股份有限公司) plans to team up with a range of Chinese financial institutions to provide…
Mixed-business Model of Chinese Finance is Heightening Risk: Ex-MOF Head Lou Jiwei
One of China’s senior-most politicians says that the country needs to bring an end to the mixed-business…
China Everbright Bank Invests 600mn Yuan in Consumer Finance Company
China Everbright Bank plans to make a foray into consumer finance with the launch of a new…
Growth in Chinese Household Deposits Drops from 18% to 7% since 2008
The latest official data points to a sharp decline in the growth rate of Chinese household deposits…
Changsha Launches Xingsha Blockchain Industrial Park
The Hunan province capital of Changsha has opened a blockchain industrial park in the eastern part of…
Justin Lin Says Chinese Economy Has “Extremely Strong” Potential, Forecasts 6% Growth in Future
One of China’s leading economic experts points to the “extremely strong” growth potential of the country’s economy…
Beijing Cracks Down on Real Estate Information Provided Online
Beijing’s housing authorities have removed all online information provided by two municipal real estate agencies amidst efforts…
