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China Accounts for Nearly Half of Global Patent Applications

China accounted for nearly half of all patent applications filed globally in 2018 according to a report from the World…

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PBOC Wants to Clean up Internet Lending in China by Second Half of 2020

The Chinese central bank has outlined a schedule for "rectification" of China's online lending sector with the launch of regulatory…

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Jilin Province Appoints Agricultural Bank of China Exec as Vice-governor

The trend of appointing senior executives from state-owned banks to top regional political positions is continuing in China, with Jilin…

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Postal Savings Bank of China’s Updated Prospectus Points to 14.9% YoY Rise in Net Profits in H1 2019

One of China's big six state-owned banks has updated its A-share prospectus to reflect a sharp rise in first-half profits.…

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Rural Commercial Banks in China Rise to 1423, Rural Credit Societies Post Decline

The number of rural commercial banks operating in China has seen an increase following the conversion rural credit societies into…

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China Everbright Bank’s Cloud Payments Platform Sees Users Exceed 300 Million Following 42% YoY Rise

Users of the cloud payments platform provided by one of China's leading commercial banks have surpassed the 300 million threshold.…

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Standard Chartered Completes China’s First Offshore E-Wallet Cross-border Renminbi Direct Debit Settlement Transaction

Standard Chartered (China) announced on 15 October that it had successfully completed the first offshore e-wallet cross-border renminbi direct debit…

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Q2 Mobile Payments Transaction Volume in China Rises 22.6% YoY: iResearch Report

A new report points to an over 22% surge in China's mobile payments transaction sum in the second quarter of…

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China’s Food and Beverage Market Expected to Surpass $650B in 2019

The Chinese food and beverage market is expected to reach unprecedented size in 2019. (more…)

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Yangtze River Urban Economic Coordination Conference Adds Seven New Cities

A key regional economic group within China has just expanded its membership with the addition of seven new cities. (more…)

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