Tuesday, December 1, 2020

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...

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 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...

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.

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...

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...

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...

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...

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...

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...

Most Read

Qualified Domestic Institutional Investor Funds Post Bumper Performance in 2020

Qualified domestic institutional investor (QDII) funds in China have seen impressive gains in 2020 despite the global economic impacts of the COVID-19...

Microwave Giant Galanz Sues Guangdong Xinbao Following Industrial Espionage Allegations

A legal dispute has broken out between two leading home appliance makers in Guangdong province following accusations of industrial espionage involving a...

Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...