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Monthly Archives: April, 2019

China’s Pet Market Hits 170B Yuan, Young Consumers Drive Growth

A new report points to roaring growth in China's market for pets as they become increasingly popular with youthful consumers. The recently released "2018...

Chinese Central Bank Confirms Reports of Credit System Upgrade

The People's Bank of China (PBOC) has confirmed recent reports that it plans to overhaul its online credit system in order to provide citizens...

Everbright and China Merchants Bank Garner Approval for Wealth Management Subsidiaries

China Everbright Bank and China Merchants Bank have both grabbed approval from Beijing to launch their own wealth management subsidiaries. China Everbright Bank announced...

Direct Banking the Necessary Path for Chinese Finance: Minsheng White Paper

A recent white paper on direct banking in China highlights the need for traditional lenders to provide more diversified online services, as well as...

Six Blockchain Projects Included on China’s Official List of Internet Security Trials

The Chinese central government has included a total of six blockchain projects on its latest list of trial internet security undertakings. On 18 April...

UnionPay Issues over 7.59 Billion Cards Globally

Chinese payments giant China UnionPay reports roaring growth in its international card operations. On 22 April UnionPay released its "China Bank Card Industry Growth...

Chen Siqing Appointed Head of World’s Biggest Bank

The chair of Bank of China has been appointed the new head of big four state-owned lender Industrial and Commercial Bank of China (ICBC)...

Renmin U. Invites Shanghai Conant Data Expert to Deliver Open Course Fintech Lecture

One of China's top universities has recruited a leading expert on data mining in the banking sector to participate in its open fintech course....

China’s Trade with Belt and Road Nations Exceeds USD$6 Trillion

Data from the Chinese government indicates that growth in trade with Belt and Road nations has outpaced overall foreign trade growth since the launch...

Tianjin Port Launches Trials of Blockchain Verification Technology

The port of Tianjin has launched a trial scheme for the use of blockchain technology for verification purposes. State-owned media reports that the Tianjin...

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