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Monthly Archives: August, 2019

China Host to 4588 Banks, Big Five State-owned Lenders Account for 37% of Assets

The big five state-owned banks continue to account for well over a third of the Chinese banking sector's total assets. As of the end...

Rural Commercial Banks of the Yangtze River Delta Issue Cooperative Declaration

A group of rural commercial banks situated in the Yangtze River Delta region have unveiled plans to increased interbank cooperation. The group of 21...

Ping An Bank Launches “AI Banker” System

Ping An Bank is applying artificial intelligence technology to its credit card, private banking and retail operations as part of its "AI Banker" system. Ping...

PBOC to Focus on Anti-Money Laundering, Fintech, and Financial Opening in Second Half

A recent meeting of the Chinese central bank has outlined eight key points for its work efforts in the second half of 2019. The...

Chinese Central Bank Flags Acceleration of Digital Currency Development

The People's Bank of China (PBOC) has flagged the acceleration of efforts to develop its own digital currency. PBOC outlined eight areas of "focal...

New Report Highlights 14 Key Trends for Chinese Fintech in 2019

A new report from Chinese tech consultancy EqualOcean (亿欧) highlights ten key trends in China's fintech sector for 2019. The list of fintech development...

IPO Financing by Chinese Enterprises Drops over 20% YoY in First Half of 2019

Funds raised by Chinese enterprises via initial public offerings (IPO's) saw a sizeable decline in the first half of 2019. In the first half...

Over 210 Billion Yuan in Real Estate Bonds Set to Mature Before End of 2019

The last five months of 2019 will see a rise in the volume of maturing real estate enterprise bonds in China. A research report...

Payment & Clearing Association of China Launches Data Reporting and Sharing System for Members

The Payment & Clearing Association of China (PCAC) has announced the official launch of a new system for collecting data on the operations of...

US Fed’s First Rate Cut in a Decade Provides Room for Chinese Monetary Policy Adjustments

Chinese analysts expect the first rate cut by the US Federal Reserve in over a decade to give Beijing greater space to manoeuvre when...

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