Monthly Archives: July, 2019

Shadow Banking as Share of Chinese GDP Seen Falling to 50% by End of 2019: Fitch Ratings

CBNEditor - July 10, 2019 0

China's smaller lenders are expected to come under funding pressure as the country's shadow banking sector contracts in the wake of a crackdown on...

PPDai Invests in Chinese Insurtech Start-up Leapstack

CBNEditor - July 10, 2019 0

Chinese insurtech start-up Leapstack (上海栈略数据技术有限公司) has just announced the completion of a series B financing round. Leapstack raised nearly 100 million yuan (approx. USD$14.5)...

Land Transaction Area for 40 Chinese Cities Falls 16.6% in First Half

CBNEditor - July 10, 2019 0

The land transaction area for 40 Chinese cities saw a sizeable decline in the first half of 2019. A new report released by the...

Shanghai Financial Work Department Chief to Become Chair of Shanghai Pudong Development Bank

CBNEditor - July 9, 2019 0

One of the senior-most financial regulatory officials in the city of Shanghai is set to take over the position of chair of a leading...

China’s Permanent Urban Population Rises to 830 Million amidst Reform of Household Registrations

CBNEditor - July 9, 2019 0

The latest official data points to a sharp rise in China's permanent urban population amidst far-reaching reforms of the country's long-standing household registration system....

Rise of Mobile Payments Bridges China’s East-West Financial Services Divide: Huang Yiping

CBNEditor - July 9, 2019 0

A leading Chinese economist says that rise of mobile payments serves as a sterling example of how fintech can cure the regional gap within...

PBOC Touts Creation of World’s Largest Credit Information System in Just Three Decades

CBNEditor - July 9, 2019 0

The credit information resources of the Chinese economy have seen roaring growth since the establishment of the first independent credit agency little more than...

Former Chinese Central Bank Vice-governor Calls for Creation of Regtech Ecosystem

CBNEditor - July 8, 2019 0

A former vice-governor with the People's Bank of China (PBOC) has called for Chinese financial regulators to accelerate efforts to create a "regtech ecosystem." In...