Friday, April 26, 2024

Monthly Archives: February, 2019

Chinese Passenger Vehicle Sales Drop 17.7% YoY in January, Clean Cars up 140%

Chinese passenger vehicle sales saw their sharpest decline in seven years in January, yet clean energy vehicles posted a stunning surge. Data from the...

China’s Big Five Banks Saw Net Profits of 957.3B Yuan in 2018, Municipal and Rural Banks Step up Small Business Lending

Official data points to robust profits for the big five state-owned banks of Agricultural Bank of China, Bank of China, Bank of Communications, China...

Ant Financial Unveils Blockchain Subsidiary in Shanghai

Chinese fintech giant Ant Financial has launched its own blockchain vehicle in Shanghai. Ant Blockchain Technology (Shanghai) Co., Ltd. (蚂蚁区块链科技(上海)有限公司) unveiled the official sign...

Tencent Leads Chinese Tech Giants in Online Banking

Tencent has emerged as the leading player amongst China's online tech giants when it comes to lending operations via online direct banks. All of China's...

Structured Deposits at Chinese Banks Breach 10 Trillion Yuan Once Again

Structured deposits at Chinese banks have just risen past the 10 trillion yuan threshold for the third time, after a surge in their popularity...

Greater Bay Area Plan Anoints Shenzhen as Regional Fintech Capital

China's new policy document for the Greater Bay Area of Guangdong, Hong Kong and Macau highlights the role of Shenzhen as a hub for...

Tsinghua University Launches First Fintech EMBA in Shenzhen

One of China's leading tertiary institutions has created what it's billed as the first fintech EMBA to coincide with the launch of the Greater...

Chinese Central Bank Calls for Suppression of Hidden Debt, Greater Financial Support for Automation

The latest monetary policy execution report released by the Chinese central bank calls for financial institutions to provide greater support to automation. The 2018...

PBOC Removes Reference to “Neutral” Monetary Policy, Says No Quantitative Easing Lies Ahead

The latest monetary policy execution report from the Chinese central bank has removed use of the term "neutral" in relation to monetary policy, while...

Pre-owned Housing Prices in First-tier Chinese Cities Post Fourth Consecutive Month of Decline

The latest official data points to ongoing declines in pre-owned housing prices in China's biggest cities in January. Data on housing prices for 70 major...

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