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Monthly Archives: August, 2018

Industrial Bank Wins 2018 Outstanding Fintech Bank Award

Industrial Bank Co., Ltd. has been named China's leading fintech bank for 2018 by one of the country's top fintech industry events. The Wuxi branch...

FSDC Frets over Blockages in China’s Monetary Policy Transmission Mechanisms

China's Financial Stability and Development Committee (FSDC) has called for further "clearing out" of monetary policy transmission mechanisms, while a senior PBOC official has...

Long-term PPP Expenditures Deemed Hidden Local Government Debt

The Chinese government's scrutiny of local government debt and public-private partnerships (PPP) is intensifying, with the launch of new measures to curb hidden debt...

Banks Around China Raise Home Loan Rates

Chinese banks in various parts of the country have raised their home loan rates as the central government stresses the need to contain the...

CBIRC Targets Criminal Elements in China’s Banking and Insurance Sectors

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued a directive seeking to prevent the involvement of criminal elements with the country's...

GDP of 16 Chinese Provinces Breaches Trillion Yuan Threshold in First Half of 2018

The latest official data indicates that 16 of China's 33 province-level administrative divisions saw their GDP's rise above the one trillion yuan (USD$147 billion)...

China’s IT Ministry Convenes Meeting to Spur Blockchain Development

The Ministry of Industry and Information Technology (MIIT) has convened meeting to further drive the "health and orderly" development of blockchain technologies in China. Yicai...

Jiangsu Changjiang Commercial Bank Turns to MS Finance for Fintech Solutions

A leading commercial bank in the coastal province of Jiangsu hopes that the latest fintech developments can drive expansion of its customer base as...

Chinese Provinces with Highest Levels of Consumption Revealed

New data from the National Bureau of Statistics (NBS) reveals which province-level regions in China are host to the highest levels of consumer spending. Shanghai,...

Senior Officials Desert China’s Ministry of Commerce for Plum Private Sector Posts

A new report indicates that resignations from China's Ministry of Commerce (MOFCOM) peaked during the period from 2014 to 2016, with many departing officials...

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