Ant Financial and Tencent Stand to Lose $1 Billion in Revenue Under New Reserve Requirements
China’s two leading mobile payments companies are expected to collectively lose approximately USD$1 billion in annual revenue…
Chinese Central Bank Bans Mandatory Cashless Payments
The People’s Bank of China (PBOC) is cracking down on businesses that refuse cash payments, and warned…
Six Leading State-owned Enterprises Unveil Fresh Deleveraging Plans
A slew of China’s leading state-owned enterprises SOE’s have drafted debt reduction plans for the next two…
Third Party Payments Sector on Track for Reshuffle After Severing Direct Ties with Banks
Heightened scrutiny by regulators is putting China’s third party providers under heavy cost pressure that will compel…
China’s Policy Banks Set to Embrace International Standards by Expanding Foreign Cooperation
Expanding co-operation with overseas financial institutions could drive China’s policy banks to better adhere to international standards.
State Council to Conduct Inspection of Real Estate Transaction Registrations
The State Council will conduct inspections of China’s real estate transaction registrations as part of efforts to…
Over Half a Billion Chinese Made Mobile Payments in 2017
A new report points to ongoing growth in both the number of China’s internet users and the…
China’s Fiscal Policy Set to Become More Active in Second Half
China’s state-media says that fiscal policy will become more active in the second half of 2018 as…
State Media Points to Room for Monetary Loosening as China’s M2 Growth Hits New Low
A new report from China’ state-owned media says that the latest official figures for June credit extension…
WeChat Pay Holds Off on Chinese Wallets for Foreigners, Will Focus on Overseas Expansion
Tencent’s social media payments vehicle has announced that it will refrain from providing local payments wallets to…
