Tuesday, December 1, 2020

Monthly Archives: March, 2018

Xiong’an New Area Will Be the Model for High Quality Growth: NDRC

China's state planning department says that the Xiong'an New Area that was established to take pressure off nearby Beijing is set to become a...

China’s Banking Regulator Set to Dial Down Provision Coverage Ratio

The China Banking Regulatory Commission plans to reduce its provision coverage ratio requirements according to sources speaking to Shanghai Securities News. Shanghai Securities News reports...

China’s Stock Market Leverage Drops 60%

The Chinese government is hailing the success of efforts to curb risk on the stock market follow a sharp decline in leveraged investment since...

Entry of Foreign Banks Will Benefit Chinese Consumers: HSBC’s Asia Chief

The regional head of HSBC says that China's loosening of the entry requirements for foreign banks will bring major benefits to the country's financial...

Personal Income Tax Threshold Expected to Rise to 5000 Yuan

Observers say China's personal income tax threshold is likely to rise to 5000 yuan (approx.  USD$781.90) from 3500 yuan at present, following the mooting...

Financial Risk Still the Focus, Special Bond Issuance to Hit 1.35tn in 2018: Li Keqiang

Speaking at the inaugural meeting of the 13th National People’s Congress on 5 March, Chinese Premier Li Keqiang emphasised the central government's ongoing commitment...

China Will Pull 10 Million People Out of Rural Poverty in 2018: Li Keqiang

Premier Li Keqiang has unveiled ambitious targets for China's rural poverty alleviation efforts in 2018. Li outlined the targets for Chinese rural poverty alleviation policies...

M2 Target Cancellation Signals Shift in Monetary Policy Towards Price-based Tools

Analysts say the absence of a concrete M2 money supply target in China's 2018 Government Work Report flags a shift towards the use of...

SOE Mixed Ownership Reforms Accelerate, Employee Shareholding on the Agenda

China's mixed-ownership reforms of state-owned enterprises are on track to further expand at the group level, as well as conduct further trials of employee...

Capital Market Reforms Needed to Drive Growth of China’s New Tech Sectors: KPMG

Experts say that problems with China's capital markets are impeding the prospects of the country's emerging tech sectors. Li Zhixian (黎志贤), partner at KPMG China's...

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Chinese Banks to See 7% Profit Drop in 2020, NPL Ratio Set to Rise to 2%: Bank of China Report

A report from one of China's big state-owned banks foresees a sizeable drop in the profits of the Chinese banking sector as...

Qualified Domestic Institutional Investor Funds Post Bumper Performance in 2020

Qualified domestic institutional investor (QDII) funds in China have seen impressive gains in 2020 despite the global economic impacts of the COVID-19...

Microwave Giant Galanz Sues Guangdong Xinbao Following Industrial Espionage Allegations

A legal dispute has broken out between two leading home appliance makers in Guangdong province following accusations of industrial espionage involving a...

Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...