Supply-side Structural Reforms in Chinese Finance Sector to Drive Growth in Smaller Institutions
A leading domestic think tank says Beijing’s recent emphasis on supply-side structural reforms in the finance sector…
Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan
A new report from the Chinese central bank on the domestic payments points to an ongoing rise…
Chinese Shadow Banking Sector Declines for First Time in over a Decade
Research from Moody’s indicates that in 2018 the Chinese shadow banking sector posted its first contraction in…
China Host to Nearly 230,000 Banking Outlets, Basic Financial Services Accessible in 97% of Villages
A new report on China’s banking sector indicates that the total number of banking outlets is fast…
China’s Electric Car Sales up 98.9% YoY for First Two Months of 2019
Sales of electric cars in China have surged since the start of 2019 despite the poor performance…
Shenzhen Metro System Teams up with Tencent to Launch Blockchain-based Electronic Invoices
The Shenzhen Metro system has just launched China’s first blockchain-based electronic fapiao (invoice) system for an urban…
Municipal Banks in China Must Specialise, Focus on Private Enterprise and Financial Inclusion: Bank of Zhengzhou Head
The chief of one of China’s leading municipal commercial banks says it and its peers need to…
Ping An’s Patent Applications Surge 400% in 2018, Fintech Innovations Predominate
Chinese insurance giant Ping An Insurance has reported a surge in the number of patents it applied…
China’s Insurance Market Will Be World’s Largest by 2030’s: Swiss Re Group
A leading reinsurance provider expects the Chinese insurance market to emerge as the world’s largest within the…
Chinese Artificial Intelligence Research on Track to Converge with the US by 2020
A new report indicates that China’s research endeavours in the field of artificial intelligence are fast approaching…
