Thursday, March 28, 2024

Monthly Archives: May, 2019

Chinese Central Bank’s Monetary Policy Chief Warns of Regional Fintech Risks, Calls for Reform of Local Regulators

The head of the Chinese central bank's monetary policy unit has warned of the problems that the rapid development of fintech is creating for...

Online Lending Platforms in China Fall Below 1000, Drop 60% Compared to 2016 Peak

The number of online lending platforms operating in China on a regular basis has seen a precipitous decline compared to its peak, falling below...

PBOC to Issue Third and Fourth Tranches of Central Bank Bills for 2019 on 15 May

The Chinese central bank plans to issue its third and fourth tranches of central bank bills for the year in mid-May according to domestic...

Sequoia China to Slash Investment Staff by 20% Following Sluggish Tech Growth

Leading Chinese tech investor Sequoia Capital China plans to shed as much as a fifth of its investment personnel in response to a tech...

China’s Banking Regulator Pushes for Swift Adoption of Stricter NPL Standards

The China Banking and Insurance Regulatory Commission (CBIRC) has called for domestic lenders operating on a nationwide basis to hasten their recognition of non-performing...

PBOC to Launch Reduced Required Reserve Ratio for Rural Village Commercial Banks Come Mid-May

The Chinese central bank has unveiled plans to launch reduced required reserve ratios for certain small-scale banking institutions servicing rural areas. The People's Bank of...

Industrial Bank Launches Financial Services Cloud Platform in Fujian Province

A leading commercial bank in China has helped launch a new fintech platform in the south-eastern province of Fujian as part of efforts use...

23% of Major Chinese Cities Post “Overheating” Housing Prices in First Quarter

A new report indicates that residential property prices began to "overheat" in at least 23 major Chinese cities in the first quarter of 2019....

Chinese Banks Tighten Foreign Cash Withdrawals, Heighten Customer Scrutiny

The Chinese central bank has tightened its capital controls, with domestic lenders ordered to increase their scrutiny of frequent US cash withdrawals by customers....

Chinese Fintech Investment Plunges 89% in First Quarter of 2019

Investment in China's fintech sector has seen a precipitous drop since the start of 2019 according to a new report. The Global Fintech Report...

Most Read