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Monthly Archives: November, 2018

China’s Local Government Special Bond Issuance Expected to Exceed 1.35T in 2019

Domestic experts see the issuance of local government special bonds rising past the 1.35 trillion yuan threshold next year. The first ten months of 2018...

Third Party Payments Providers Focus on Micro-retailers, Cross-border Transactions

China's third party payments providers are increasingly focusing upon micro-retailers and cross-border transactions as key growth areas. China is currently host to over 6 million...

Cybernaut Investment Teams up with Mizuho Securities to Target Chinese Fintech Startups

One of China's leading venture capital firms is teaming up with Japan's Mizuho Securities to launch a new investment fund that will focus on...

Beijing Commits to Further Reduction of Foreign Investment Negative List

The Ministry of Commerce (MOFCOM) has unveiled plans to further reduce China's "negative list" for foreign investment. Speaking at routine press conference held on 23...

China’s Online Banks Chase Funds with Flexible Fixed Deposits

Online banks in China are providing their own form of flexible fixed deposits by transferring income rights to third party financial institutions, in a...

Chinese Central Bank Hits 10 Payments Companies with 1.02M Yuan in Fines

The People's Bank of China (PBOC) is keeping up the pressure on the Chinese payments sector with the issuance of fines worth more than...

Ping An Makes Foray into European Fintech with $47M Funding Round

Chinese insurance giant Ping An Insurance Group is making is debut investment in continental Europe with a Berlin-based fintech concern. Ping An's Global Voyager Investment...

China Deploys over 300 Billion Yuan in Bailout Funds for Private Enterprise

Chinese authorities are unleashing a huge amount of cash as part of efforts to support financing for private enterprise. Calculations by the state-owned Economic Information...

Transaction Floorspace Slides in China’s Hot Spot Property Markets

New data points to a sizeable decline in the transaction floorspace for the real estate markets of hot spot Chinese cities in October, as...

Chinese Commercial Banks Sees Net Profits of 1.5118 Trillion for First Three Quarters

China's commercial banks saw easing growth in net profits for the first three quarter of 2018 according to the latest official data. Commercial banks in...

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