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Monthly Archives: May, 2018

Belt and Road Initiative Driving Internationalisation of Renminbi: CCB Report

A new report indicates that China's Belt and Road Initiative is driving the use of the renminbi abroad. The report produced by China Construction Bank...

Mobile Payments Business of Chinese Banks Sees Strong Growth in Q1 2018

The mobile payments operations of Chinese banking institutions posted vigorous growth in the first quarter of 2018. Data from the People's Bank of China indicates...

Chinese Banking Sector Continues to Post Balance Sheet Expansion in April

The latest official data points to ongoing year-on-year gains in the balance sheets of the Chinese banking sector driven by growth in liabilities. Figures from...

Chinese Central Bank Lifts 28-day Reverse Repo Rate 5 Bps to 2.85%

The People's Bank of China lifted the rate on 28-day reverse bond repurchase agreements by 5 basis points on Monday 28 May. According to its...

Half of Investment Funds that Chase Unicorns Sustain Losses

Around 50% of Chinese investment funds that provide retail investors with a key channel for betting on recently listed "unicorn" companies have posted losses...

Housing Market Can Only Be Stable under Tightening: People’s Daily

An opinion piece published by the flagship newspaper of Chinese Communist Party indicates that there will be no relent in the application of strict...

Beijing Ties State-Owned Enterprise Pay to Business Performance

China's State Council has launched new measures to link total remuneration at state-owned enterprises (SOE) to economic performance. The State Council released the "Opinions Concerning...

Leading Tianjin Bank Exec Commits Suicide by Slashing Wrists in Office

Yin Jinbao (殷金宝), the chairman and party secretary of the Tianjin Rural Commercial Bank, has committed suicide just months following his appointment to the...

China’s Securities Regulator Pushes for Greater Adoption of Regtech

The China Securities Regulatory Commission (CSRC) is pushing for the greatest adoption of regtech measures amidst broader efforts by Beijing to rein in the...

Chinese Banks Channel Funds to Real Estate Market Via Pawnbrokers

Pawnbrokers are providing funds obtained via bank-issued trust plans to prospective homebuyers, following a crackdown on real estate-related lending by Beijing. The imposition of quotas...

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