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Monthly Archives: July, 2018

PBOC Loosens Capital Requirements for Certain Banks to Boost Lending

The Chinese central bank has relaxed capital requirements for certain lenders in order to support credit supply amidst escalating Sino-US trade tensions, according to...

Chinese Cities Launch Record Number of Property Control Policies in 2018

Municipal governments around China unveiled nearly 200 property control policies in the first half of 2018, as Beijing seeks to ensure that homes are...

Beijing and Shanghai See Average Disposable Incomes Exceed $4,400 in First Half

The latest official data indicates that average disposable incomes in the Chinese mega-cities of Beijing and Shanghai have breached the 30,000 yuan (approx. USD$4430)...

Xiong’an New Area Discusses Blockchain Applications with ConsenSys

The Xiong'an New Area has held a meeting with the tech company behind Ethereum to discussion blockchain applications. State media reports that representatives from Xiong'an...

Sanya University Teams up with Saxo Bank to Launch Fintech Academy

Sanya University in Hainan Province has announced the launch of a new fintech academy in collaboration with Denmark's Saxo Bank. The Saxo Fintech Business School...

Aitai Named China’s Most Influential Fintech Brand for 2018

Aitai Tech (爱钛科技) has been named China's most influential fintech brand for 2018 at the 7th China Caijing Summit held in Beijing on 23...

Chinese Urban Employment Rises by 7.52 Million in First Half of 2018

Figures from the Ministry of Human Resources and Social Security (MOHRSS) point to robust employment levels in China's urban centres for the first half...

PBOC Unleashes Over 1.4 Trillion Yuan in July, Expected to Further Cut Reserve Ratio in H2

Th Chinese central bank has stepped up its supply of liquidity since the start of July and is expected to implement further cuts to...

Xiaomi Accused of Providing Risky P2P Lending Products to Users

Chinese smartphone giant Xiaomi stands accused of advertising risky P2P lending products to users, amidst a crackdown by Beijing on the online lending sector. Xiaomi...

China Has No Intention to Devalue Renminbi to Spur Exports: Foreign Ministry

China's foreign ministry has declared that the central government will not engage in "competitive devaluation" of the renminbi with the goal of propping up...

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