Tuesday, March 19, 2024

Monthly Archives: January, 2019

PBOC Warns against Use of Central Bank Bills Swaps to Drive Risky Assets off Balance Sheet

The Chinese central bank has warned the country's commercial banks against using its new central bank bills swaps as means of shifting risky assets...

China’s Credit Score-driven Sharing Economy Expected to Breach 10T Yuan by 2020

China's credit score-based sharing economy is expected to drive a trend of "leasing replacing buying" and roaring growth in the rental market for everything...

Electronic Social Security Cards Spread to 230 Chinese Cities

A new form of "electronic social security card" (电子社保卡) has seen a rapid spread in its deployment across China since its introduction less than...

Chinese Households Use Mobile Payments More than Cash for Daily Expenditures

A new report on China's third party mobile payments sector indicates that Chinese households use mobile payments far more than cash for daily expenditures,...

Global Fintech Investment Taps Record High in 2018, Ant Financial Accounts for Over Third of Funding

A new report points to a record-breaking level of fund-raising by venture capital-backed fintech companies in 2018. Venture-capital backed fintech firms raised USD$39.57 billion...

Local Government Bond Issuance to Exceed 400B Yuan in January, Beijing Dials Down Yield Guidance

Local government bond issuance in China for the month of January is on track to see a robust showing, with regulators dialling down price...

Chinese Provinces Dial Down 2019 GDP Targets

A slew of province-level governments around China have reduced their GDP growth targets for 2019. The government of Chongqing municipality has unveiled a GDP...

Fintech Innovations Pave Way for Unified Global Currency: Senior Chinese Banking Official

A former senior official with the Chinese banking regulator has pointed to the potential for fintech innovations in the payments sector to eventually lead...

Decline in Chinese Housing Prices on Track to Ease: CASS

A report from one of China's leading think tanks points to a slowdown in the rate of decline in Chinese housing prices. The Chinese Academy...

China’s Peak Online Finance Body Establishes Fintech R&D Committee

The peak body for online finance in China has unveiled a new initiative to drive domestic fintech research and development undertakings. On 24 January...

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