The latest official data from the Ministry of Commerce (MOC) points to a slight fall in China’s outbound foreign investment levels in 2020 amidst the adverse economic impacts of the COVID-19 pandemic. More »
Chinese brokerages have seen a sharp plunge in their net profits in August compared to the preceding month. More »
The digital economy accounted for over two-thirds of China’s GDP growth in 2019 according to the latest raft official data. More »
China’s Ministry of Commerce (MOC) has touted its ongoing status as the biggest export market for Germany, following shifts in the foreign policy settings of key European powers. More »
A new report from the Chinese government on outbound foreign investment indicates that more than 80% of countries and regions around the world were recipients of funds from China in 2019 despite a YoY slide in total volume. More »
The finance vehicle of Chinese retail giant Suning has entered an agreement with a leading digital bank in China to provide digital supply chain financing to micro-and-small enterprises. More »
A survey from HSBC has found that mainland China has the world’s highest mobile banking penetration rate amongst its seniors demographic. More »
The China Banking and Insurance Regulatory Commission (CBIRC) is stepping up efforts to prevent the use of funds from microloan companiess for investment in stocks and derivatives. More »
A leading analyst says that the rare combination of a record high money multiplier with low excess reserves signals the ongoing recovery of the Chinese economy from the impacts of the Novel Coronavirus. More »
President Xi Jinping has called for the Chinese Communist Party (CCP) to play a greater role in leading and guiding China’s private economy. More »
Premier Li Keqiang says that Chinese economy is making a robust recovery from the early impacts of the COVID-19 pandemic, and is on track to meet key employment targets for 2020. More »
Agricultural Development Bank of China (ADBC) and Alibaba-backed MYBank have launched what is reportedly the first comprehensive strategic partnership between a policy bank and a digital bank in China. More »
