Thursday, April 18, 2024

Monthly Archives: October, 2018

Outstanding Medium-term Lending Facilities of Chinese Central Bank Hit Record High

The balance of Chinese central bank medium-term lending facilities (MLF) tapped a record high at the end of September, just prior to its announcement...

China Bohai Becomes 26th Bank Approved by NIFA for P2P Depository Operations

Tianjin-based China Bohai Bank has just obtained approval to provide depository operations to peer-to-peer lending platforms in China. Bohai Bank passed inspections to serve as...

PBOC Seeks to Optimise Liquidity Structure by Cutting Required Reserve Ratio in Lieu of OMO

The Chinese central bank has emphasised that its use of targeted cuts to the required reserve ratio has the goal of optimising the banking...

Alibaba Seeks to Patent Blockchain Technology That Targets Illicit Finance

Chinese tech giant Alibaba has filed an application to patent a new blockchain technology that will help governments to target illegal activities. The technology enables...

China’s Services Trade for January-August Sees Rapid Growth: MOFCOM

China's Ministry of Commerce says the country's trade in services saw rapid growth for the first eight months of 2018. MOFCOM data indicates that total...

Tencent Obtains $180 Million Stake in Brazilian Fintech Company Nubank

Chinese tech giant Tencent has made its debut investment in Brazil's fintech sector with the acquisition of a minority stake in Nu Pagamentos SA,...

Structured Deposits Exceed 10 Trillion Yuan, Beijing Expected to Tighten Derivatives Licensing

Chinese regulators are expected to crack down on the provision of structured deposits by banks in the wake of surging growth in their popularity. Data...

Agricultural Bank of China President Resigns for New Post with China Development Bank

The head of one of China's big four state-owned banks has just resigned to take up a top position with one of the country's...

China’s Foreign Reserves Post Dip in September

China's foreign reserves edged lower last month, as a rise in US bond yields led to declines in the pricing of key sovereign debt. Official...

Active Fiscal Policy Set to Become More Active: China’s Finance Minister

A report from the People's Daily says that the Chinese central government "has already confirmed that active fiscal policy will become even more active,"...

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