Tuesday, March 19, 2024

Monthly Archives: July, 2019

SAFE Says China Will Continue to Drive Capital Account Opening

The State Administration of Foreign Exchange (SAFE) says that it will continue to drive the "stable and orderly" opening of China's capital account. On...

Two Senior Execs from Big State-owned Banks Appointed Vice-governors of Northern Chinese Provinces

Chinese authorities have announced the appointment of two senior executives from big state-owned banks to top leadership positions in provincial governments. On 30 July...

Chinese Gold Reserves Rise for Seventh Consecutive Month

Chinese central bank data indicates that China's gold reserves have risen every month since December 2018. China's gold reserves stood at 61.94 million ounces...

Bank of Jinzhou Brings China Great Wall Asset Management on Board as Third Strategic Investor

Beleaguered regional lender Bank of Jinzhou has announced that one of China's leading asset management companies has signed up as a third strategic investor....

Huawei Teams up with Shenzhen Techo Telecom to Launch Banking Sector Fintech Solutions

Chinese telecommunications giants Huawei and Shenzhen Techo Telecom have unveiled plans to provide the banking sector with fintech-driven security and cloud computing solutions. Huawei and...

Chinese Politburo Says Property Market Will Not Be Used for Short-term Economic Stimulus

A meeting of the senior-most body of the Chinese Communist Party has said that Beijing will refrain from the use of the property market...

Beijing to Launch Fintech Innovation Platform as Part of Financial Sector Opening

Fintech has emerged as a key focus of a raft of new financial sector opening measures unveiled by the Beijing municipal government. Huo Xuewen (霍学文),...

Chinese Central Bank Issues Directive for Reduction of Enterprise Leverage Ratios

The People's Bank of China (PBOC) has led the issuance of a new directive for dialling down the leverage ratios of Chinese enterprises. On...

Chinese Banks Accelerate Shift from Principal-Guaranteed to Net-Value Wealth Management Products

Chinese banks are accelerating their shift away from principal-guaranteed wealth management products (WMP) to net-value WMP's over a year after Beijing's banning of "implicit...

MYBank Expected to Increase Capital to 10B Yuan with Ant Financial’s Assistance

Alibaba-backed online lender MYBank (网商银行) is reportedly planning its first capital increase in the four years since its founding. Anonymous sources said to Bloomberg...

Most Read