China’s Big Four State-owned Banks Retrench Nearly 50,000 Staff in Two Years, Fintech Teams Still Expand
The latest round of financial reports from China’s listed banks points to ongoing, sector-wide declines in staff…
Author: CBNEditor
China’s 5G Technology has Reached “Commercial Levels,” Scheduled for Nationwide Network Transfer Before December
The Chinese central government is touting the readiness of the country’s 5G technology amidst escalating trade tensions…
New Fintech Innovation Coordination Platform Launched in Beijing Draws 62 Members
A new platform for fostering cooperation on fintech innovation has just been launched in Beijing, drawing a…
Beijing Hopes to Channel over 1 Trillion Yuan in Funds towards China’s Real Economy
A slew of measures recently launched by the Chinese central government are expected to channel in excess…
Chinese Regulators Target Smart Deposits, Structured Deposits
Chinese banks plan to bring an end to the sale of “smart deposits” following pressure from regulators…
Zhuhai Seeks Greater Cross-border Fintech Cooperation with Hong Kong and Macau
The Guangdong province coastal city of Zhuhai is set to become a key channel for cross-border financial…
Green Finance in China Sees Roaring Growth, Beijing Flags Further Standardisation Efforts
China’s ongoing push for expansion of the domestic green finance sector is proving successful according to official…
Fourth Round of Mixed Ownership Reforms to Encompass 160 State-owned Enterprises, 2.5T Yuan in Assets
The fourth round of mixed-ownership reforms of China’s state-owned enterprises (SOE) are set to involve at least…
PBOC and SAFE Commit to Keeping China’s Forex Market, Renminbi Exchange Rate Stable
The Chinese central bank and China’s top foreign exchange authority have publicly committed to maintaining the stability…
Baidu Becomes First Chinese Internet Giant to Obtain License for Consumer Finance Operations
Baidu’s finance affiliate Du Xiaoman Financial is expanding into the consumer finance sector with the acquisition of…
