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Monthly Archives: August, 2019

CBIRC Issues 2491 Penalties Since Start of 2019, Targets Real Estate-related Lending

China's peak regulator for the banking and insurance sectors has issued nearly 2500 fines since the start of 2019, with analysts pointing to a...

Chinese Internet Users Reach 854 Million, Online Penetration Rate at 61.2%

The number of China's internet users has increased by nearly 26 million since the start of 2019. The 44th China Internet Growth Status Statistical...

Bank of Tianjin’s First Half Revenues Rise 48.6% YoY

Hong Kong-listed regional lender Bank of Tianjin has seen a sharp rise in its first half earnings. The northern Chinese bank's mid-year report indicates...

China’s Urban Housing Prices for January – July Rise 13.7% YoY

Housing prices in Chinese urban centres have seen an over 13% YoY rise for the first seven months of 2019. Data from the Shanghai...

5G Expected to Drive over 15 Trillion Yuan in Growth for China’s Digital Economy by 2025

One of China's leading think tanks expects 5G technology to drive huge growth in the country's digital economy over the upcoming half decade. The China...

Chinese Central Bank Sources Deny Forbes Report of Digital Currency’s November Release

Sources close to the People's Bank of China (PBOC) have denied a recent report from Forbes magazine claiming that a statutory digital currency will...

Beijing’s Municipal Banking Regulator Targets Use of Personal Credit Cards for Home Purchasing

Beijing's municipal banking and insurance regulator is cracking down on the use of personal credit cards to make real estate purchases or other investments....

Tech Giants and State-owned Banks Could Be First Holders of China’s Statutory Digital Currency

Sources from within the Chinese banking system claim that China's tech giants and big state-owned banks will be the first recipients of its proposed...

Beijing Plans to Ban Unlicensed Financial Sales and Marketing

China's top financial regulators are mooting a ban on financial marketing and sales by unlicensed operators. On 26 August the People's Bank of China...

Chinese Central Bank Targets Interest Rate Rigging Following Launch of LPR Reforms

State media says that the People's Bank of China (PBOC) plans to formulate specific assessment requirements for the application of the loan prime rate...

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