Monthly Archives: July, 2019

Chinese Microloan Companies Dwindle to Less than 8000 in First Half of 2019

CBNEditor - July 26, 2019 0

The Chinese microloan sector has continued to contract in the first half of 2019. As of the end of June 2019 China was host...

Foreign Investment in Chinese Bonds Rises for 7th Consecutive Month, Holdings Near 2 Trillion Yuan

CBNEditor - July 26, 2019 0

Foreign holdings of Chinese bonds rose to a record high at the end of the first half of 2019. The latest data from China...

National Internet Finance Association of China Launches Specialist Internet Banking Committee

CBNEditor - July 26, 2019 0

China's peak body for the online finance sector has announced the launch of a new body to focus on internet banking. The National Internet...

ICBC Flags Greater Investment in Fintech as Part of Smart Bank Strategy

CBNEditor - July 26, 2019 0

The world's largest lender in terms of assets has signalled increased investment in fintech as part of efforts to embrace a "smart bank" strategy....

Agricultural Bank of China Becomes Fifth Big Lender to Obtain Approval for Wealth Management Operations

CBNEditor - July 26, 2019 0

Big six state-owned lender Agricultural Bank of China (ABC) has become the latest member of the Chinese banking sector to obtain approval for its...

China Host to World’s Largest Number of R&D Personnel for Sixth Consecutive Year

CBNEditor - July 24, 2019 0

Official data indicates that the number of research and development (R&D) personnel in China approached 4.2 million in 2018. The "Economic and Social Development...

Chinese Central Bank’s Tech Chief Highlights Financial Standardisation amongst Belt and Road Nations

CBNEditor - July 24, 2019 0

The head of the People's Bank of China's (PBOC) technology department says standardisation will play a key role in expediting financial collaboration amongst participating...

China’s Banking Regulator Issues New Commercial Bank Equity Trusteeship Measures

CBNEditor - July 24, 2019 0

The China Banking and Insurance Regulatory Commission (CBIRC) has just issued new measures concerning equity trusteeship operations by Chinese commercial banks. CBIRC said that...

PBOC Injects Close to Half Trillion Yuan via Medium-term Lending Facilities

CBNEditor - July 24, 2019 0

The Chinese central bank injected 497.7 billion yuan into the banking system via both medium-term lending facilities (MLF) and targeted medium-term lending facilities...

Insurtech Player ZhongAn Online Shuffles Execs as Losses Expand

CBNEditor - July 23, 2019 0

An insurtech company backed by some of China's leading tech giants has switched around some of its senior-most executives following mounting losses. Jeffrey Chen...

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