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Monthly Archives: September, 2018

Beijing Cancels Ceiling on Purchase of Local Government Bonds by Underwriting Banks

China's banking and insurance regulator has cancelled the ceiling on the purchase of local government bonds by underwriting banks as part of efforts to...

Insurers Hit with Nearly 35mn Yuan in Fines over July and August

The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up its scrutiny of domestic insurers with hefty penalties dispensed over the past two...

Google Can’t Compete Against Chinese Tech Gladiators: Ex-Google China Chief

The former president of Google China says that the search giant will have a tough time competing against the new generation of Chinese tech...

Chinese Central Bank Launches Digital Currency Lab in Nanjing, Fintech Firm in Shenzhen

The People's Bank of China (PBOC) has announced the launch of a new fintech and digital currency research institute in the Jiangsu province capital...

China Accounts for 56% of Blockchain Patents in 2017, Alibaba over 10%: Thomson Reuters

New research from Thomson Reuters indicates that China has assumed a dominant position when it comes to applications for blockchain patents. The research shows that...

China’s Peak Online Finance Body Calls for Multi-tier Fintech Regulation

The National Internet Finance Association of China (NIFA) has called for the establishment of a multi-tier fintech regulatory system in order to better prevent...

Land Premium Rates Drop to 39 Month Low for 40 Chinese Cities

A new report points to an ongoing cooling of land markets in urban centres across China. Land transfer prices saw their fifth successive month of...

Tech Giants Hope Autonomous Logistics Can Slash Costs

Chinese tech giants are betting big on the potential for autonomous technology to improve the efficiency of logistics operations. In 2017 logistic costs in China...

China’s Biggest Bitcoin Miner Hopes to Raise $1bn via Private Funding

Bitcoin mining giant Bitmain Technologies is undeterred by the recent drop in prices for the cryptocurrency, unveiling plans to raise as much as USD$1...

Baidu Establishes Blockchain R&D Vehicle

Chinese internet giant Baidu has established its own research and development company to specialise in blockchain technology. Baidu subsidiary Beijing Dinglu Zhongyuan Technology Co., Ltd....

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