Thursday, March 28, 2024

Monthly Archives: February, 2019

Ant Financial Helps Apple Provide Chinese Consumers with Interest-free iPhone Financing

Apple Inc is working with fintech giant Ant Financial as well as Chinese banks to provide interest-free consumer financing as part of efforts to...

Non-performing Loans Hit Decade Long High Following Launch of Stricter Definitions

The latest data on China's banking sector points to a sharp surge in non-performing loans in certain parts of the country in 2018 following...

Shanghai Financial Court Seeks to Become International Centre for Resolution of Financial Cases

China's first specialised financial court has unveiled plans to become an international centre for the judicial processing of financial cases. On 21 February the Shanghai...

Chinese Debt to Expand in 2019 Yet Shadow Banking Risk on the Wane: Morgan Stanley

US investment bank Morgan Stanley expects China's debt-to-GDP ratio to continue to rise in 2019, yet management of risk by the Chinese central government...

PBOC’s Pan Gongsheng Denies Central Bank Bill Swaps Comprise Quantitative Easing

A senior official with the Chinese central bank has sought to highlight the distinction between its central bank bill swaps and quantitative easing. The People's...

Bank of China Becomes First Lender to Sign up for Property Blockchain Platform in Hong Kong

One of China's leading state-owned banks will become the first lender to participate in a new blockchain platform in Hong Kong that aims to...

PBOC Seeks to Calm Arbitrage Concerns after Bills Financing Surge in January

The Chinese central bank has imputed a sharp rise in bill financing in January to the success of measures to shore up support for...

Beijing Commits to Stable Monetary Policy, Will Firmly Resist “Irrigation” of the Chinese Economy

The Chinese central government has flagged a continuation of its ongoing theme of stable monetary policy in 2019 despite two cuts to the required...

Hong Kong Stock Exchange Plans to Acquire Fintech Subsidiary of Shenzhen Jinzheng Technology

The Hong Kong Stock Exchange has unveiled plans to acquire a controlling stake in one of China's leading fintech concerns. On 20 February Hong...

A-share Banks on Track to Hit 32 in Total as 11 Chinese Lenders Await Listing

The number of listed A-share banks in China is track to rise to 32 in total, with another 11 domestic lenders in the waiting...

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