Tuesday, March 19, 2024

Monthly Archives: July, 2018

Medium and Long-term Interbank Rates Hit 18th Month Low as Chinese Monetary Policy Loosens

Interbank lending rates in China have seen a decline across medium and long-term maturities, following the signalling of looser monetary policy from the central...

Baidu’s Fintech Unit Accused of Security Failings Following Misappropriation of Accounts

Internet giant Baidu has come under fire following allegations that its financial services unit is vulnerable to serious security breaches which permit the misappropriation...

Payment Providers Kayou and Free My Pay Fined $5 Million, Ordered to Withdraw from Provinces

Two major Chinese payment providers have received fines totalling 34.74 million yuan (approx. USD$5.09 million) for a range of regulatory breaches, as well as...

Liu He Signals Acceleration of State-owned Enterprise Mixed-ownership Reforms

Chinese analysts say that a recent meeting convened by top economic advisor Liu He signals further acceleration of ongoing mixed-ownership reforms of China's state-owned...

28 Chinese Provinces Release GDP Figures for H1 2018, 15 Outpace National Growth Rate

28 of China's 31 province-level administrative entities have released their GDP figures for the first half of 2018 to reveal that Guangdong is China's...

Fintech Provides Practical Solution to Financing Difficulties of Chinese Enterprise: Renmin U. Professor

A leading financial academic in China says that fintech has the potential to solve the problem of finance being expensive and difficult to obtain...

ZhongAn Online Teams up with All In Pay, Tonghua Financial to Explore Fintech Innovation

Chinese insurer ZhongAn Online has teamed up with All In Pay (通联支付), Tonghua Financial (通华投控) and Zhonglian Biz (众联商务) to launch a new cooperative...

Agricultural Bank of China Launches Three Year Fintech Innovation Plan

One of China's big four state-owned banks has released a new three year plan for driving fintech innovations until the end of the decade. The...

Structured Deposits of Chinese Banks See First Decline in Six Months

Structured deposits in China have seen their first decline in half a year after posting roaring growth on the back of new asset management...

Banking Sector Assets Hit $37 Trillion in June for 7.1% YoY Rise

The assets of the Chinese banking sector posted a year-on-year rise of 7.1% as of the end of June according to the latest data...

Most Read