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Monthly Archives: August, 2019

Everbright Group and Minsheng Bank Enter Strategic Cooperative Agreement

State-owned giant China Everbright Group has entered a cooperative partnership with Hong Kong-listed China Minsheng Bank. Representatives from the two groups, including Everbright Group...

China’s Digital Publishing Sector Sees Annual Revenues Rise Nearly 18% YoY in 2018

A new report on China's digital publishing sector points to surging growth in revenues in 2018. The "2018 - 2019 China Digital Publishing Annual...

Huishang Bank Grabs Approval for Wealth Management Subsidiary

A leading regional lender has obtained approval from the Chinese authorities to establish its own wealth management subsidiary. Hong Kong-listed Huishang Bank (徽商银行) announced...

Benchmark for Real Estate Lending to Switch to Loan Prime Rate on 8 October: Chinese Central Bank

The Chinese central bank has announced that the loan prime rate will serve as the benchmark for the pricing of personal residential property loans...

Chongqing Teams up with US Cryptographers to Launch Blockchain Technology Research Institute Before End of 2019

The central Chinese mega-city of Chongqing plans to launch its own blockchain research institute prior to the year's end. The Chongqing Science and Technology...

China’s Population Approaches 1.4 Billion, Labour-age Population Close to 900 Million

The latest official data indicates that China's national population is approaching 1.4 billion in total, for growth of roughly 1.4% over the past seven...

Huawei Tops Latest List of China’s 500 Leading Private Enterprises, JD.com Takes 6th Place

Tech giant Huawei has come in first on the latest list of China's top 500 private enterprises, while e-commerce platform JD.com has taken sixth...

Mobile Payments in China See 59.03% YoY Growth in Second Quarter: PBOC Report

A new report from the Chinese central bank points to a surge in mobile payments in the second quarter of 2019. The People's Bank...

Chinese Digital Currency Could Bypass Western Banking: Circle CEO

The founder and CEO of peer-to-peer payments company Circle says that the Chinese central bank's plans to launch a statutory digital currency could enable...

Goldman Sachs Pursues Majority Stake in Chinese Securities Joint-venture

Goldman Sachs has applied to acquire majority control of its securities joint-venture in China. The China Securities Regulatory Commission (CSRC) announced that it had...

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