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Monthly Archives: October, 2018

Banking Regulator Paves Way for Wholly Foreign Owned Banks in China

The China Banking and Insurance Regulatory Commission (CBIRC) has released new draft regulations that will allow foreign banks to establish wholly-owned banks and branches...

Bank of China Leads Launch of Forfaiting Trade Platform Based on Consortium Blockchain

Bank of China has teamed up with China CITIC Bank and China Minsheng Bank in the development of a forfaiting trade finance platform based...

Chinese Pension Funds Approach 9 Trillion Yuan, Financial Risk Still Under Control: Banking Regulator

The head of the Chinese banking regulator says that the growth of commercial pension insurance in China has helped to drive a rapid rise...

PBOC Says It’s Confident and Capable of Keeping RMB Exchange Rate “Fundamentally Steady”

The Chinese central bank has defended recent depreciation of the renminbi amidst ongoing trade tensions with the United States, and says it is determined...

Ant Financial and JD Finance Top 2018 Fintech100 List, Chinese Companies 4 out of Top Ten

Chinese companies have taken the top two spots on a new list of the world's leading fintech firms, as well as four entries out...

Chinese Central Bank Releases Bond Market Data for September

The People's Bank of China has released a raft of data on the country's bond markets for the month of September. PBOC data indicates that...

PBOC Issues 109 Fines Worth over 200M Yuan in 2018, Focus on Payments Sector

The People's Bank of China (PBOC) has cracked down on the third party payments sector in 2018 with the issuance of a record number...

China Construction Bank Emerges as Leading Financial Inclusion Lender in 2018

China Construction Bank is the first of the country's big four state-owned lenders to release its 2018 third quarter financial results. CCB saw net profits...

China Banking Association is Developing Blockchain-based Trade Finance Platform

The peak body for China's banking sector has unveiled plans to apply blockchain technology to factoring and other forms of trade financing. Huang Runzhong (黄润中),...

OneConnect Launches Blockchain-based Supply Chain Finance Platform

Ping An's fintech vehicle OneConnect (壹账通) has incorporated a slew of emerging technologies into its "Yiqilian"  (壹企链) smart supply chain finance platform that was...

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