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Monthly Archives: January, 2019

Minsheng Bank Hails Dawn of Direct Banking 3.0 in China

One of China's leading commercial lenders says direct banking is entering a new era of development as the country's financial institutions experiment further with...

Central Bank Cryptocurrency Praised in Chinese Communist Party’s Flagship Newspaper

An opinion piece published by the flagship newspaper of the Chinese Communist Party has extolled the economic and financial potential of central bank-issued digital...

Bank of China Becomes First Chinese Lender to Sell Perpetual Bonds

One of China's big four state-owned banks has become the first domestic lender to sell perpetual bonds after Beijing gave its approval to the...

Tencent’s WeBank Eyes Foray into Australian Online Banking

The online lending vehicle of one of China's leading tech giants has signalled ambitions to expand into the Australian digital banking sector. WeBank, China's first...

Citigroup, Goldman Sachs, JPMorgan and Credit Suisse Abandon Chinese P2P Deals

The woes of China's peer-to-peer lending sector continue to worsen, with US investment banks abandoning stateside IPO's for Chinese platforms en masse over the...

Leading Chinese Think Tank Warns of Mobile Payments Impact on Monetary Policy

A new report from one of China's leading financial and economic think tanks has outlined the potential impacts of the roaring growth of the...

Private Funds in China Post 1.68T Yuan Expansion in 2018 Despite Heavy Liquidations

Official data from China's peak body for the asset management sector points to a surge in assets under management amongst privately offered funds despite...

PBOC to Provide Central Bank Bill Swaps to Shore up Perpetual Bond Liquidity

The Chinese central bank has launched a new instrument to help support liquidity for the issuance of perpetual bonds by the China's commercial lenders....

Chinese Housing Prices Saw Biggest Leap Since Start of Decade in 2018

Property market controls imposed by local governments around China since the start of 2017 have done little to stem the rise of housing prices...

China Construction Bank to Trial Facial Scan Payments on Shanghai Trams

One of China's big four state-owned banks plans to trial the use of biometric payments on trams in the Zhangjiang Hi-tech Park in Shanghai's...

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