Thursday, April 25, 2024

Monthly Archives: May, 2019

ZY Bank Accused of Using “Yin-Yang Documents” to Conceal Bad Debt

A leading regional bank in China stands accused of concealing non-performing assets by means of "yin-yang documents" in the wake of a lawsuit over...

Beijing Financial Street Host to over 1800 Institutions, 102 Trillion Yuan in Assets

The Beijing municipal government has unveiled new data on the scale of the city's long-standing financial hub. Speaking at the 2019 Financial Street Annual...

Ministry of Industry and Information Technology Pushes for More Blockchain Research in China

Beijing's top authority for the tech sector has called for Chinese industry to expand its blockchain research efforts. On 27 May Li Guanyu (李冠宇),...

Baoshang Bank Takeover Helped Forestall Bank Run: Renmin University’s Dong Ximiao

One of China's leading financial scholars has weighed in on the recent decision by Chinese regulators to take over the problem-fraught Baoshang Bank. On...

Land Listings in First-tier Chinese Cities Surge, Transfer Sums to Exceed 10B Yuan in Beijing, Shanghai, Shenzhen Next Month

China's first-tier cities have seen a sharp rise in land listings towards the end of May, with Beijing, Shanghai and Shenzhen all expected to...

Belt and Road, SDR Inclusion to Drive Renminbi Internationalisation in 2019: China Construction Bank

A research report from one of China's big six state-owned banks anticipates further internationalisation of the renminbi in 2019. China Construction Bank's "New Trends,...

New Chinese Depository Receipt Rules Encourage Use of Renminbi for Cross-border Settlements

Beijing has launched new regulations governing cross-border remitance of funds raised via Chinese depository receipts (CDR). The People's Bank of China (PBOC) and the...

Chinese Academy of Sciences’ Big Data Start-up Grabs over USD$14M in Series B Round Funding

A big data start-up launched by the Chinese Academy of Sciences has just obtained nearly 100 million yuan in series B round financing. Zhongke...

Ant Financial’s New Partner for Blockchain Medical Applications Accused of Inadequate Disclosures

Shanghai-listed Thalys Medical Technology (塞力斯医疗科技股份有限公司) has been accused by the exchange of failing to make adequate information disclosures just after revealing the launch of...

Beijing Regulator Calls for Further Fintech Opening, Reveals Plans for Public Fintech R&D Platform

The head of Beijing's financial regulator has stressed the need for opening of the Chinese fintech sector as part of broader market access measures....

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