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China’s Foreign Reserves Fall $46.1 Billion in March, Still Above 3 Trillion Dollar Threshold
China’s foreign reserves saw a decline in the month of March, yet still remains above the three trillion dollar threshold. More »
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New Development Bank Issues Five Billion Yuan in Coronavirus-Combating Bonds on China’s Interbank Market
On 2 April the New Development Bank (NDB) priced five billion yuan (approx. USD$705.22 million) in anti-coronavirus bonds) on China’s interbank bond market. More »
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MYBank Provides Interest Free Loans to 360,000 Vendors in Wuhan as City Emerge from Lockdown
Ant Financial-backed online lender MYbank has announced the provision of a raft of interest free loans to small vendors in the city of Wuhan as it emerges from lockdown following the COVID-19 outbreak. More »
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Shanghai Accelerates Application of 5G and Blockchain to Public Health Sector
Shanghai hopes to improve the efficacy of the city’s public healthcare sector via the application of cutting-edge technologies. More »
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Asian Infrastructure Investment Bank to Provide $355 Million Emergency Loan to China for Public Healthcare Support
The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved an emergency loan for China to help develop its public health infrastructure in response to the COVID-19 outbreak. More »
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China Becomes Biggest Filer of International Patents in 2019
In 2019 China surpassed the United States as the world’s leading applicant for patents with the World Intellectual Property Organization (WIPO). More »
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Construction and Urban Infrastructure Work Resumption Rate Hits 85.06% Following COVID-19 Outbreak
The latest official data points to the widespread resumption of building construction and municipal infrastructure projects following China’s stringent measures to contain the spread of COVID-19. More »
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17 Chinese Provinces Issue Consumer Vouchers to Deal with COVID-19’s Economic Impacts
17 of China’s province-level administrative entities have adopted consumer voucher policies to help stem the impacts of the COVID-19 outbreak on their local economies. More »
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Chinese Market Issues $1.69 Trillion in Bonds in First Quarter for 14% YoY Increase
Official data points to a sizeable year-on-year rise in the value of bonds issued by China’s debt market in the first quarter of 2020, following the launch of measures by Beijing to curb the economic impacts of COVID-19. More »
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PBOC Cuts Interest Rate for Excess Reserves for First Time since 2018
The Chinese central bank has unveiled a fresh set of monetary measures to curb the impacts of the COVID-19 outbreak on China’s economy. More »
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Chinese Central Bank Releases Amended Licensing Rules Scheduled for Implementation on 1 June
The People’s Bank of China (PBOC) has just issued amended regulations for administrative licensing procedures in the Chinese financial sector. More »
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Senior Execs at China Construction Bank, China Merchants Bank Resign for Age-related Reasons
Two of the senior-most executives from a leading big state-owned bank and a top joint-stock lender in China have resigned from their positions on the grounds of age. More »
