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Monthly Archives: July, 2019

Zhongguancun Tech Commits to Financial Leasing Services for Beijing’s 5G Sector

A leading financial group in the Beijing tech district of Zhongguancun has flagged greater financial leasing support for the local 5G sector. The Chinese central...

Chinese Fiscal Policy Blue Paper Highlights Acceleration of Tax Reforms

A new blue paper on China's fiscal policy calls for the acceleration of ongoing reforms of the tax system. The Chinese Academy of Fiscal...

ICBC and China Cinda to Jointly Grab Near 18% Stake in Beleaguered Bank of Jinzhou

ICBC and China Cinda Asset Management have both announced that they will acquire stakes in troubled north-eastern lender Bank of Jinzhou. ICBC announced on...

1961 Offshore Institutional Investors Participate in China’s Interbank Bond Market

China's interbank bond market has seen a sizeable rise in offshore institutional investors since the start of 2019, with an increasing number making use...

China and US Lead Global Blockchain Financing Deals in First Half of 2019

Beijing, Guangdong province and Shanghai have emerged as the leading centres for financing of blockchain projects in China. Data from research group 01Caijing indicates...

Tencent’s WeBank Touts Openness Strategy at Shenzhen Fintech Day

Tencent-backed online lender WeBank (微众银行) has stressed its commitment to openness as the core of its fintech strategy during its inaugural Fintech Day in...

Shenzhen’s Financial Regulator is Drafting New Fintech Support Policies

The financial authorities for the southern Chinese tech hub of Shenzhen have flagged the unveiling of further fintech support policies. He Jie (何杰), head...

PBOC Data Points to Accelerated Financial Inclusion Lending in Second Quarter of 2019

The People's Bank of China (PBOC) has released a raft of data on lending within the Chinese economy in the second quarter of 2019....

China’s Local Governments Embrace Blockchain Technology for Administrative Affairs

Local governments around China have launched initiatives for the application of blockchain technology to their administrative affairs. In the first half of 2019 blockchain...

Concerns over China’s Regional Lenders Heightened by Bank of Jinzhou’s Woes

The travails of northeastern lender Bank of Jinzhou have heightened concerns about the health of China's regional banks just two months following the takeover...

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