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Monthly Archives: November, 2018

China’s Securities Regulator Calls for Crackdown on Fintech Ponzi Schemes

A senior official from China's securities regulator has called for a crack down on Ponzi schemes that don the guise of fintech innovations. Speaking at...

Yields on Bank Wealth Management Products Drop to 18 Month Low

Yields for bank wealth management products in China have dropped to their lowest levels in a year and a half, following the launch of...

Chinese Banks Lag in Use of Fintech for Marketing and Client Value Maximisation

A leading member of China's fintech sector says that banks need to make greater use of big data for marketing and client acquisition purposes. "In...

China Should Develop Digital Currency via Competitive Process: Zhou Xiaochuan

The former head of the Chinese central bank has called for the use of a competitive selection process to explore the development of an...

Regulation of Chinese Payments on Track to Intensify: PBOC Vice-governor Fan Yifei

A senior official from the Chinese central bank has flagged the normalisation of stricter regulation of the payments sector in future. "The normalisation of strict...

China Construction Bank Becomes Second Big Four Lender to Launch Wealth Management Subsidiary

China Construction Bank (CCB)  has joined the ranks of Chinese lenders with plans to establish their own wealth management subsidiaries. On 16 November CCB issued...

Fintech Could Weaken Monetary Policy Outcomes: Chinese Central Bank

A senior official from the Chinese central bank has outlined the potential impacts of the emergence of fintech on monetary policy and its effectiveness. Zhu...

Zhou Xiaochuan Frets over Fintech Speculation, Says Regtech a Necessity

The former head of the Chinese central bank says that authorities will need to adopt regtech measures in order to match the rapid evolution...

China Cuts US Treasury Bonds by $13.7B in September, State Media Downplays Trade War Talk

China sold off a sizeable volume of its US Treasuries in September, in a move which state-owned media says is intended to prop up...

NDRC Unveils Five Measures to Support Bond Issuance by Chinese Private Enterprise

The National Development and Reform Commission has unveiled a raft of measures to boost bond issuance by China's private enterprises. According to state media the...

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