Commercial Banks Allowed to Directly Invest Wealth Management Product Proceeds in Stocks
New amendments to investment regulations permit Chinese commercial banks to directly invest the proceeds of wealth management…
China Host to World’s Most Valuable Fintech Unicorns
A new data report says China is currently home to the world’s most valuable group of unicorns…
Financial Sector Must Expand Support for Private Enterprise: Chinese Central Bank
The People’s Bank of China (PBOC) has called for the Chinese financial sector to provide more support…
2019 GDP Growth to Drop Beneath 6.5%: Chinese Academy of Social Sciences
A new blue paper from the Chinese Academy of Social Sciences (CASS) forecasts a decline in China’s…
China’s Top 50 Artificial Intelligence Companies Revealed
A new list of China’s top 50 artificial intelligence companies indicates that the majority of them enjoy…
Leverage Ratio of China’s Real Economy Held Steady at 242.7% in Second Quarter: NIFD
A new report from one of China’s leading think tanks sheds light on the state of the…
Cross-border E-commerce Transactions See 25% YoY Rise in First Half
A new report points to roaring growth in China’s cross-border e-commerce market since the start of 2018.
NDRC and China Development Bank Plan 100bn Yuan Investment in Digital Economy over Five Years
The National Development and Reform Commission (NDRC) and China Development Bank (CDB) have unveiled plans to drive…
aiBank, MYBank and WeBank Apply AI and Big Data to Online Lending in China
Chinese fintech companies are utilising a range of technologies to expand their stakes in the online banking…
JD Finance Changes Chinese Name to “JD Data Science” on Social Media
The finance arm of Beijing-based e-commerce giant JD.Com has signalled a shift in the orientation of its…
