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Monthly Archives: May, 2017

AliPay and Tenpay Incur Their First Penalties from PBOC

Chinese Fintech giants AliPay and Tenpay have just copped their first administrative penalties from regional branches of the People's Bank of China. On 10 May the Shanghai branch of the...

PBOC Keeps Liquidity Steady in the Second Quarter

China's central bank is sticking to its avowed objective of maintaining a "balanced and neutral monetary policy", as well as seeking greater coordination with other...

CBRC Continues to Hit Lenders with Penalties

China's banking regulator has continued to hit lenders with penalties and fines as part of its ongoing crackdown and efforts to bring the country's...

State Media Calls for China’s Finance Sector to Better Service Real Economy

China's official press agency has published an editorial calling for the country's financial sector to channel more funds to the real economy. The latest editorial piece...

Interbank CD’s Drop 36% in April

China's interbank market posted a sharp drop in the issuance of certificates of deposits in April, boding poorly for near-term liquidity levels. The latest figures from...

Shanghai Bourse Incentivises Sale of Local Government Bonds

The Shanghai Stock Exchange has launched a new plan to encourage the sale of local government bonds by securities firms in exchange for direct...

Commercial Banks the Biggest Agents of Systemic Contagion: PBOC

A new essay published by the Chinese central bank contends that certain joint-stock commercial banks have become systemically important financial institutions, and could play a...

Big Banks Grab Approval to Establish Debt-for-Equity Vehicles

Three of China's big state-owned banks have obtained approval from regulators for the establishment of new vehicles slated to invest in debt-for-equity swaps. The China Banking Regulatory...

Municipal Banks with Ballooning Balances Queue Up for IPO’s

Chinese banks with ambitions to go public have posted surging growth in both assets and net earnings last year. The latest data from the China Securities Regulatory...

CASS Sees Decline in Personal Home Loan Demand

The "2017 Real Estate Blue Paper" released by the China Academy of Social Sciences expects sales growth to ease this year and prices to remain...

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