Monthly Archives: March, 2019

Shanghai Launches New Fintech Park in Beiwai Tan

CBNEditor - March 26, 2019 0

Shanghai is creating a new fintech park in the Beiwai Tan area as part of efforts to develop an industry ecosystem within the city's...

Tencent’s Fintech-related Revenues Surged in 2018

CBNEditor - March 26, 2019 0

Tencent's latest financial data indicates that revenues derived from its fintech operations are fast approaching those sourced from mobile gaming. Tencent's revenues derived from fintech...

Jumbo CD’s Heat up as Yields for Bank WMP’s Continue to Decline

CBNEditor - March 26, 2019 0

Large-denomination certificate of deposit (CD) are providing increasingly robust returns as yields on bank wealth management products (WMP's) continue to decline. Data from PY...

Shanghai’s New Tech Board Gives Green Light to First Group of Nine Companies

CBNEditor - March 25, 2019 0

The Shanghai Stock Exchange (SSE) has announced that it has given its approval to the listing of nine companies on its new tech board. The...

Bank of Beijing and ING’s New Digital Bank to be China’s First Foreign Controlled Lender

CBNEditor - March 25, 2019 0

Municipal lender Bank of Beijing is teaming up with Dutch financial giant ING to launch a digital bank in China. The two parties plan to...

Infrastructure Development Will Increase to Deal with Easing Economy: China’s Finance Minister

CBNEditor - March 25, 2019 0

China's finance minister has flagged continued growth in infrastructure development in order to help deal with the country's slowing economic growth. Speaking at the 2019...

Finance at the Core of China’s Supply-side Structural Reforms: Yang Weimin

CBNEditor - March 25, 2019 0

A leading Chinese politician says that finance is the "most critical" part of Beijing's ongoing supply-side structural reforms. Yang Weimin (杨伟民), deputy director of...

Yield on Chinese Bank Wealth Management Products Falls to New Low in Mid-March

CBNEditor - March 25, 2019 0

Yields on bank wealth management products (WMP's) in China have continued to decline to unprecedented levels since the start ofMarch. The week of 15...

China’s Banking and Insurance Regulator Readies New Round of Opening Measures

CBNEditor - March 25, 2019 0

The China Banking and Insurance Regulatory Commission (CBIRC) has flagged the research and preparation of a fresh round of measures to further open the...