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Monthly Archives: September, 2018

Financial Sector Accounted for 17% Share of Beijing’s Economy in 2017

Beijing's municipal authorities have highlighted the vital role of the finance sector as the "leading pillar industry" of the Chinese capital. Yin Yong (殷勇), vice-mayor...

Foreign Assets of Chinese Banks Exceed Italy’s GDP

A new report indicates that China's banking sector holds at least USD$2 trillion yuan in overseas assets. The "2018 Global Bank Internationalisation Report" (2018全球银行国际化报告) was...

State-owned Enterprises See over 20% Profit Growth for January-August, Leverage Edges Lower

China's state-owned enterprises (SOE's) have seen roaring profit growth since the start of 2018 on the back of capacity reductions and other supply-side reforms,...

Bank of Communications Issues Residential Mortgage-backed Securities via Jucai Blockchain

One of China's big five state-owned banks has used an independently developed blockchain system to issue over USD$1.3 billion in residential mortgage backed securities...

Chinese Deleveraging Has Gone into Reverse: Bank for International Settlements

Beijing's efforts to deleverage the Chinese economy have ground to a halt according to new data from the Bank for International Settlements (BIS). BIS data published...

Ant Financial and eQianbao Launch “Ant Blockchain Contracts”

Ant Financial has teamed up with third-party e-signature platform eQianbao (e签宝) to develop blockchain-based smart contracts. Ant Financial and E Qianbao officially launched the "Ant...

Shanghai Pudong Development Bank Plans to Launch Fintech Investment Fund

One of China's leading commercial banks has unveiled plans to launch a new fund that specialises in fintech sector investments. Shanghai Pudong Development Bank has...

People’s Daily Hails 664-fold Increase in China’s Imports Since 1978

The flagship newspaper of the Chinese Communist Party has hailed the surge in China's import volumes in the four decades since the start of...

Average Return on Chinese Money Market Funds Drops to 3.356%

Returns on a range of fixed-income assets in China have seen ongoing declines as market liquidity becomes looser. According to a report from Cebnet.com.cn ample...

China Builds Monitoring System for Local Government Debt

The Chinese government plans to launch a system to monitor local government debt as part of efforts to contain economic leverage. Sources from the Ministry...

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