Tuesday, June 22, 2021

Monthly Archives: June, 2018

Chinese Central Bank Targets Online Gold Trading

The People's Bank of China is launching new measures to strengthen supervision and regulation of the gold market and standardise gold asset management operations. On...

Woes of China’s Online Lending Platforms Worsen, People’s Daily Issues Investor Warning

An increasing number of China's online lending platforms have been plagued by problems since the start of June. Figures from Wangdai Zhijia (网贷之家) indicate that...

Ministry of Finance to Issue 10bn Yuan in Renminbi Government Bonds Via Hong Kong

China's Ministry of Finance has unveiled plans to issue 10 billion yuan in renminbi government bonds via Hong Kong in 2018. State-owned media reports that...

China Suspends Funding for Shantytown Overhauls Due to Debt and Property Price Concerns

One of China's main policy banks has suspended the provision of funds for the redevelopment of shantytowns, amidst concerns about risk in relation to...

Total Number of Blockchain A-share Companies in China Rises to 70

China's A-share market has seen a sharp rise in the number of listed concerns involved with blockchain development, with most of them being enterprises...

China’s Industrial Profits Rise 16.5% for January-May, Debt Ratio of SOE’s Declines

The latest official data points to robust gains in the profits of Chinese industry for the first five months of 2018, as well as...

Online Banking’s Popularity in China Prompts Closure of Community Sub-branches

The increasing popularity of online and mobile banking has prompted Chinese banks to shut down their community sub-branches(社区支行)  in some of the country's biggest...

State Media Says China Has Ample Room for Further Reserve Ratio Cuts

A new report from Xinhua points to the possibility that the People's Bank of China (PBOC) will further cut the required reserve ratio by as much...

Bank of Beijing Establishes Fintech Innovation Center

Municipal lender Bank of Beijing has announced the establishment of a new Fintech Innovation Center (科技金融创新中心) while flagging greater financial support for leading tech...

China Set to Host 30,000km of High-speed Rail by 2020

China's Ministry of Transport (MOT) says that the total length of the country's high-speed rail routes will reach 30,000 kilometres by the end of...

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Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...