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Monthly Archives: April, 2019

China’s Foreign Reserves Edge Higher to $3.0988T at End of March

Official data points to a modest month-on-month rise in China's foreign reserves in March. China's foreign reserves stood at USD$3.0988 trillion at the end...

Chinese Real Estate Companies Have 1.8T Yuan in Debt to Pay off over Next Three Years

Chinese real estate companies are expected to come under immense repayment pressure over the next three years, heightening their vulnerability to any market downturns....

Chinese Internet Finance Authority Pledges to “Vigorously” Combat Online Loan Risk

China's leading authority for internet financial risk has signalled heightened measures to deal with risk in relation to online P2P lending. The Internet Financial...

Chinese Real Estate Companies See Average Profit Rise of 23% in 2018

The latest round of performance results from Chinese real estate companies points to a robust rise in average profits in 2018. A report from...

Interbank Wealth Management Balance Drops 80% Compared to 2016

China's interbank wealth management balance has seen its second consecutive year of decline amidst Beijing's financial deleveraging campaign. A report released by the Banking...

Tencent Teams up with Big State-owned Bank to Launch Fintech Lab in Shenzhen

Tech giant Tencent has unveiled plans to launch a new fintech lab with one of China's big six state-owned banks. On 3 April China...

Chinese Banks Raise Salaries in 2018, Big Six State-owned Lenders Shed 28,000 Staff

Chinese banks saw a rise in remuneration levels in 2018 in tandem with staff cuts on the back of greater fintech adoption. 19 out...

China’s Digital Economy Reaches 31 Trillion Yuan in 2018, Accounts for One Third of National GDP

Official data points to ongoing growth in China's digital economy as its IT infrastructure expands. Yang Xiaowei (杨小伟), vice-chair of the National Internet Information...

Chinese Banks Make 6.8B Yuan in Over-the-counter Sales of Local Government Bonds by Early April

Commercial banks in China have commenced the sale of local government bonds either over-the-counter or in some cases via mobile or online banking channels....

Chinese Real Estate Companies Dial Down Growth Targets for 2019

Chinese real estate companies have cut back their sale growth targets for 2019, with around 70% pitching them at under 20% in the first...

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