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Monthly Archives: May, 2019

Rent-to-Income Ratios Exceed 90% in Beijing, Shenzhen, Shanghai and Sanya

A new report on rent-to-income ratios in China indicates that in some major cities average monthly rent levels are not too far off average...

Beijing Qinhuai Technology Obtains Record $570 Billion in Funding from Bain Capital

Chinese cloud-computing infrastructure operator Beijing Qinhuai Technology (秦淮数据) has obtained USD$570 billion in funding from Boston-based Bain Capital. According to domestic observers the deal...

China Construction Bank Plans to Open 10 Automated 5G Banks in Beijing in 2019

One of China's leading big state-owned banks has unveiled plans to use the country's 5G network to facilitate the creation of unmanned banking outlets....

Traditional Financial Institutions Will Transform into Software and Data-driven Companies: Ant Financial

Ant Financial expects economic digitisation and the expanding application of fintech to have a profound impact on the way traditional financial institutions conduct business....

China’s Tax Cuts Exceed 500 Billion Yuan for First Four Months of 2019

China's tax cut policies have led to a reduction of over half a trillion yuan in levies for the period from January to April....

Nine Companies Set up Shop in Beijing’s Fintech Innovation Demonstration Zone

A total of nine enterprises have set up their offices in the new Beijing Fintech Innovation and Professional Services Demonstration Zone (北京金融科技与专业服务创新示范区). A signing...

Chinese Banks Showcase Fintech Innovations at CIFTIS

Leading financial institutions have shown off their latest fintech innovations at the 2019 China International Fair for Trade in Services (CIFTIS). CIFTIS opened in...

Chinese Central Bank Invests 10 Billion Yuan in Establishment of Depository Insurance Fund

The People's Bank of China (PBOC) has launched a new depository insurance fund company. According to official industrial and commercial registration data on 24...

All of China’s Big Six Banks Greenlit for Wealth Management Subsidiaries Following PSBC Approval

Postal Savings Bank of China (PSBC) has become the last of the six big state-owned lenders to obtain approval for the establishment of its...

“US Should Think of China’s Rare Earth Card”: People’s Daily

The flagship newspaper of the Chinese Communist Party has highlighted China's control of access to key rare earth minerals amidst escalating trade tensions with...

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