Monthly Archives: August, 2018

Beijing Targets Hidden Local Government Debt with Two New Directives

CBNEditor - August 29, 2018 0

The Chinese central government is stepping up its crackdown on the hidden debt of local government with the recent launch of two new directives,...

Fintech Abets Growth of Financial Inclusion: Chinese Academy of Social Sciences

CBNEditor - August 28, 2018 0

A new report from the Chinese Academy of Social Sciences (CASS) points to the potential for new technologies to improve levels of financial inclusion. The...

Chinese Banking Sector Assets up 7.5% YoY at End of July

CBNEditor - August 28, 2018 0

Chinese banks held assets worth 254.3 trillion yuan (approx. USD$37 trillion) as of the end of July according to figures released by the China...

China’s Land Finance Model Has Come to an End: Liu Shijin

CBNEditor - August 28, 2018 0

One of China's leading economists believes it's time for the country to bring an end to its land finance model in the wake of...

ZhongAn Online Sees 106.6% Surge in Premium Income, More Than 300 Million Policyholders

CBNEditor - August 28, 2018 0

Leading Chinese insurtech firm ZhongAn Online has posted surging growth in premium income for the first half of 2018. According to its mid-year report released...

China’s Deficit Ratio Could Rise to 3% Next Year, Public Debt Head to 50% of GDP: Jia Kang

CBNEditor - August 28, 2018 0

One of China's leading economists says that consideration should be given to lifting the country's deficit ratio to 3% next year in order to...

Baidu, Alibaba and Tencent Leap Aboard Beijing’s Cryptocurrency Crackdown

CBNEditor - August 28, 2018 0

The Chinese central government has enlisted the aid of the country's leading tech giants in its ongoing crackdown on cryptocurrencies and ICO's. The China Banking...

Mergers and Acquisitions of A-share Companies Surge 87% YoY for January-July

CBNEditor - August 27, 2018 0

China's A-share companies have seen a surge in the number and value of mergers and restructuring deals since the start of 2018. As of the...

China’s Banking Regulator Issues Risk Warning on Cryptocurrency Fraud

CBNEditor - August 27, 2018 0

The China Banking and Insurance Regulatory Commission (CBIRC) has issued a risk warning about on use of certain key terms in relation to the blockchain...

Chinese Central Bank Touts Fintech’s Potential Amidst “Digital Metamorphosis”

CBNEditor - August 27, 2018 0

The Chinese central bank has lauded the promise of fintech amidst China's efforts to establish itself as a leading digital and internet power. "Under the...

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