Wednesday, May 12, 2021

Monthly Archives: February, 2018

Beijing Wants Foreign Talent to Flock to Its Silicon Valley

The Chinese capital hopes to attract top flight STEM talent to its Zhongguancun Science Park with new visa concessions and incentives for foreign nationals. The...

Beijing Considers Amalgamation of Banking and Insurance Regulators

The Chinese central government is reviewing a proposal to amalgamate the banking and insurance regulators according to anonymous sources speaking to the South China...

51% of Economists Surveyed Say China’s Real Estate Bubble is Severe

A new report indicates that more than half of 100 Chinese economists surveyed believe there is a severe bubble in China's real estate market,...

February PMI Slides to 50.3 Due to Chinese New Year Vacation

China's official purchasing managers' index reading for February is 50.3, for a 1.0 point decline compared to the preceding month. Out of the 13 PMI...

Beijing Hopes Tax Incentives Will Encourage Chinese Companies to Go Abroad

The Chinese government is launching a raft of new tax incentives that are designed to support the overseas expansion of domestic enterprises and increase...

PBOC Allows Write-offs/Equity Conversion of Bank Capital Supplementation Bonds

The Chinese central bank will allow banking sector financial institutions to write-off their capital supplementation bonds or convert them into equity, as part of...

R&D Spending in China Rises 14% in 2017, Equals 2.1% of GDP

Chinese spending on scientific research and development posted a year-on-year increase of 14% to hit 1.76 trillion yuan (approx. USD$279 billion) in 2017, according...

Bank of China Unveils Biggest Dim Sum Bond Offering in More Than Two Years

Bank of China is pricing the largest offshore renminbi bond offering in two and a half years via its Macao branch. The Financial Times reports...

China’s Total Banking Sector Assets Exceed Quarter of a Quadrillion Yuan

Total assets in China's banking sector have continued to post robust growth in 2017, with some of the country's state-owned lenders emerging as globally...

Strengthen Dynamic Monitoring of Market Liquidity Demand Fluctuations: PBOC

The Chinese central bank has called for the stepping up of dynamic monitoring of fluctuations in liquidity demand in order to address the potential...

Most Read

Bank of Communications Underwrites New Bonds for Revitalization of China’s Rural Areas

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to underwrite a new debt instrument designed to channel...

China’s Open-ended Mutual Funds Market Takes First Place in Asia at $2.81 Trillion, Fifth Place Globally

China's open-ended mutual funds market has emerged as the largest in the Asia-Pacific following a sharp rise in the popularity of the...

Chinese Investors Can Now Buy Government Savings Bonds Using Their Mobile Phones

The Chinese government has made it possible for domestic investors to subscribe for government bonds via mobile banking apps.

Alipay Trials Digital Renminbi Account Transfers Using MYBank Wallet

Chinese payments platform Alipay has debuted a Digital Renminbi payments and transfer function on its mobile app that connects to a wallet...