Tuesday, March 19, 2024

Monthly Archives: October, 2018

Are Chinese Banks Deceiving Super-rich Clients as Liquidity Pressure Intensifies?

An advisor to the Chinese banking sector claims worsening liquidity pressure is driving financial institutions to lie to their more affluent clients in order...

Shanghai Stock Exchange Commits to Further Opening of China’s Capital Markets Following Agreement with Japan

The Shanghai Stock Exchange has reiterated its commitment to further opening of the country's capital markets following the recent signing of a key cooperative...

Bank of Xi’an on Track to Become First A-share Lender in Northwestern China

Municipal lender Bank of Xi'an (西安银行) has obtained approval from the Chinese securities regulator for an initial public offering of A-shares in Shanghai. On 30...

Ministry of Finance Says Accounting Problems Rife Amongst Chinese Internet Firms

The Ministry of Finance has accused leading Chinese internet companies such as Xiaomi Tongxun, Suning and Leshi of offences involving the provision of erroneous...

Hong Kong Hopes to Use Blockchain to Facilitate Foreign Trading of Mainland Chinese Shares

Hong Kong Exchanges and Clearing (HKEX) plans to use distributed ledger technology to facilitate the trading of domestic Chinese shares by foreign investors via...

Overseas Assets of China’s Central State-owned Enterprises Exceeds One Trillion Dollars

The overseas assets of China's central state-owned enterprises (SOE's) surpassed the seven trillion yuan threshold as of the end of 2017, according to the...

CBIRC Calls for Chinese Banking Sector to Make More Unsecured Loans

The China Banking and Insurance Regulatory Commission (CBIRC) is pushing for the banking sector to increase its lending private enterprise, as part of efforts...

Total Investment Sum of China’s PPP Project Library Reaches 12.3 Trillion Yuan

The latest data from the Ministry of Finance points to robust growth in China's national public-private partnership (PPP) comprehensive information platform project library (全国政府和社会资本合作(PPP)综合信息平台项目管理库)...

Chinese Central Bank to Share Personal Info of Absconding P2P Debtors

The People's Bank of China (PBOC) has set its sights on the debtors of P2P platforms who wilfully abscond from their repayment obligations, with...

Foreign Invested Enterprises Will Have Access to Full Financial Operating Licenses after Three Years: MOF

The Ministry of Finance has indicated that foreign-invested enterprises will be given greater latitude to  conduct business in China's financial sector in the near...

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