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Monthly Archives: August, 2019

China Will Further Protect the Lawful Rights and Interests of Foreign Investors: Ministry of Commerce

China's Ministry of Commerce has flagged its commitment to protecting the interests of foreign investors. Qian Keming (钱克明), vice-head of the Ministry of Commerce,...

Assets of China’s Privately Offered Funds Hit 13.42T Yuan at end of July

The assets under management of China's privately offered funds exceeded 13.4 trillion yuan as of the end of July. The 2019 7th Privately Offered...

Chinese Central Bank Releases Fintech Development Plan for 2019 – 2021

The People's Bank of China (PBOC) released its latest policy outline for development of the Chinese fintech sector in August 2019. PBOC's "Fintech Development...

China’s Robotics Market Sees Over Twenty Percent Annual Growth

The Chinese market for robots has seen average growth in excess of 20% over the past five years. The "China Robot Industry Development Report...

Smaller Chinese Banks Circumvent Interest Rate Curbs via Online Channels

Smaller Chinese banks are resorting to the use of online channels to attract funds from retail investors by promising higher rates of return than...

Standard Chartered China Completes First Trade Finance Deal Based on Loan Prime Rate

Standard Chartered China has just completed its first a trade financing deal based on the Chinese central bank's recently launched loan prime rate (LPR)....

2019 China Blockchain Industrial Park Development Report Released

China has just seen the release of its first report on the country's blockchain industrial parks. The "2019 China Blockchain Industrial Park Development Report"...

Shantytown Upgrade Work Commences on 2.07 Million Units, Exceeds 70% of China’s Annual Target

The Chinese government says it has exceeded 70% of its annual target for work to upgrade shantytowns around the country. Figures released by the...

Sichuan Online Lender XWBank Sees 224% YoY Surge in Net Profits

Sichuan-based online lender XWBank has posted a YoY surge in net profits in the first half of 2019. Supermarket chain Chengdu Hongqi's (红旗连锁) financial...

Digital Currency Trials Expected to Take Place in Shenzhen

The Chinese government has flagged the launch of digital currency trials in the southern tech hub of Shenzhen. China's State Council has just released...

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