Friday, March 29, 2024

Monthly Archives: September, 2018

25 Chinese Banks Obtain Approval for Personal Internet Loan Fund Depository Business

A total of 25 Chinese banks have obtained approval for fund depository business in relation to personal internet loans. The National Internet Finance Association of...

Commercial Banks Allowed to Directly Invest Wealth Management Product Proceeds in Stocks

New amendments to investment regulations permit Chinese commercial banks to directly invest the proceeds of wealth management products (WMP) into stocks. The China Securities Depository...

China Host to World’s Most Valuable Fintech Unicorns

A new data report says China is currently home to the world's most valuable group of unicorns in the global fintech sector. The report produced...

Financial Sector Must Expand Support for Private Enterprise: Chinese Central Bank

The People's Bank of China (PBOC) has called for the Chinese financial sector to provide more support to private enterprise. At a meeting held on...

2019 GDP Growth to Drop Beneath 6.5%: Chinese Academy of Social Sciences

A new blue paper from the Chinese Academy of Social Sciences (CASS) forecasts a decline in China's GDP growth in 2019. The "Economic Blue Paper...

China’s Top 50 Artificial Intelligence Companies Revealed

A new list of China's top 50 artificial intelligence companies indicates that the majority of them enjoy the backing of either the government or...

Leverage Ratio of China’s Real Economy Held Steady at 242.7% in Second Quarter: NIFD

A new report from one of China's leading think tanks sheds light on the state of the country's deleveraging efforts  in the second quarter. The...

Cross-border E-commerce Transactions See 25% YoY Rise in First Half

A new report points to roaring growth in China's cross-border e-commerce market since the start of 2018. The "2018 (First Half) China Cross-border E-commerce Market...

NDRC and China Development Bank Plan 100bn Yuan Investment in Digital Economy over Five Years

The National Development and Reform Commission (NDRC) and China Development Bank (CDB) have unveiled plans to drive 100 million yuan of investment into big...

aiBank, MYBank and WeBank Apply AI and Big Data to Online Lending in China

Chinese fintech companies are utilising a range of technologies to expand their stakes in the online banking market by specialising in the provision of...

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