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Monthly Archives: May, 2017

China Over Halfway Towards 2017 Steel Overcapacity Removal Target

The National Development and Reform Commission said that it's roughly half way towards meeting its overcapacity removal targets for the Chinese steel and coal sector in 2017. The...

Chinese Millennials Lead Global Homeownership Rates: HSBC

A new report from HSBC claims that China is host to the world's highest homeownership rates for millennials. The HSBC report on global homeownership entitled "Beyond the...

AliPay Claims Active Daily Users Doubled in 2016

Chinese FinTech heavyweight Ant Financial claims that the number of its daily active users doubled last year. The AliBaba payment affiliate reports that over 450 million...

Beijing Conurbation Combats Speculation in Real Estate

Local government in Beijing is working with the local governments of adjacent Hebei province and Tianjin municipality to tame property speculation within the region, after...

One Belt One Road to Increase International Clout of China’s Payments Sector: PBOC

The vice-governor of the People's Bank of China has called for the Chinese payments sector to use the One Belt One Road initiative to...

Local Governments Step Up Inspections of Real Estate Transactions

Local governments are further tightening their supervision and inspection of the real estate transactions at the prompting of Beijing's Ministry of Housing and Urban-Rural Development. Chongqing's land department...

Mobile Payments Beat Online Payments in China for the First Time Last Year

Mobile payments beat online payments in terms of total transaction volume for the first time ever in 2016. At the launch of the latest "China Payments...

Real Estate Policies Drive Negative Price Growth in China’s Big Cities

Efforts by Chinese regulators to curb overheating urban property markets are taking effect, with a slew of major cities including Shanghai and Nanjing posting...

Access to Offshore Dollar Bonds Dries up for Property Developers

Chinese regulators have clamped down on the issuance of offshore dollar bonds by property developers as part of a bid to cool down China's overheating...

China UnionPay Expands Services to Type II, III Bank Accounts

China UnionPay has just launched a new mechanism for hooking up with type II and type III bank accounts, in a move that is expected to shake up the...

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