Tuesday, March 19, 2024

Monthly Archives: February, 2019

Chinese Central Bank Calls for Digital Currency R&D, Will Combat Refusal to Accept Cash

The People's Bank of China (PBOC) says it is driving further research and development of digital currencies, while also calling for measures to address...

China’s Municipal Banks Lag Badly in Fintech Adoption, Form Leagues to Play Catch up

A new report points to lagging fintech adoption amongst China's municipal commercial banks, with some players either establishing cooperative associations or teaming up with...

Bank Wealth Management Products Exceed 23T Yuan, 18 Lenders Account for Nearly 80%

A new report points to the dominance of nationwide lenders in China when it comes to bank wealth management products. The report from PY...

Credit Card Defaults Surge, NPL Rates Exceed 4% in Parts of China

Official data points to a surge in credit card operations in China, triggering concerns amongst the authorities over an accompanying rise in defaults and...

China Banking Association Releases List of Top 100 Chinese Lenders

The peak body for the Chinese banking sector has released its latest list of China's top 100 lenders. On 26 February the China Banking...

Chinese Banks Launch Internal Investigations into Bills Arbitrage Following January Surge

Multiple Chinese banks have launched internal investigations in bills arbitrage following a surge in bills financing in January. Data from the People’s Bank of...

China Tops Global Fintech Investment in 2018: Accenture

A new report indicates that Chinese firms led international fintech investment in 2018, accounting for nearly half of the global total. The report from...

PBOC Steps Up Offsite Monitoring of Payments Organisations, Mandates Reporting of Management and Equity Shifts

The Chinese central bank has just upgraded its off-site monitoring system for payments providers and issued new related requirements. According to a report from Paynews.net...

Beijing Tops Fintech Investment in China in 2018

Beijing has emerged as the leading city in China for fintech investment in 2018. According to data from 01Caijing (零壹财经) Beijing was host to...

Central State-owned Enterprises Owed 111.6B Yuan in Late Payments to Private Businesses

The State-owned Assets Supervision and Administration Commission (SASAC) has announced the settlement of a sizeable share of payments owed in arrears by China's central...

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