The China Banking Regulatory Commission has ratcheted up its rules governing consumer finance firms that make modest loans to smaller retail or business borrowers.
UK chancellor Philip Hammond will announce the opening of London’s foreign exchange markets to direct access by Chinese banks during an official visit to Beijing over the weekend.
The Chinese central government plans to crack down on the use of public-private partnerships by local authorities to conceal their exorbitant debt burdens.
Real estate analysts expect pre-owned home transactions to post a year-on-year drop of more than 50% this year in the Chinese capital.
A recent online bond selling scandal which incurred the biggest ever fine issued by China’s banking regulator has triggered calls for the country’s leading Fintech concerns to be included in macro-prudential assessments of banks
Speculation on 2018 monetary policy in the lead up to China’s Central Economic Work Conference points to the possibility of a reserve requirement ratio cut as well as interest rate hikes next year.
The Chinese banking and payments sector has launched a pioneering new app which combines the disparate functions of other mobile platforms, as well as links smart devices to the bank accounts and cards of users.
The peak industry for China’s banking sector has denied reports that it called for the country’s central bank to moderate new guidelines designed to curb their asset management operations.
Chinese banks supplied the highest monthly volume of loans for 2017 in November, despite Beijing’s ongoing deleveraging campaign and efforts to contain credit expansion.
China’s 2017 Central Economic Work Conference is expected to focus upon the theme of “high quality growth.”