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Executive Equity Holdings in Chinese Banks and Insurers Rise $16.9M in 2019
Equity in Chinese banks and insurance companies held by senior executives has seen a sizeable increase since the start of 2019. More »
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China Construction Bank Unveils Upgraded Version of Blockchain-driven Trade Finance Platform
One of China’s big state-owned banks has launched a raft of new functions for its blockchain-driven trade finance platform in the wake of strong popularity during the eighteen months since its launch. More »
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China’s Banking Regulator Launches Campaign for Protection of Consumer Rights
The China Banking and Insurance Regulatory Commission (CBIRC) has launched a new campaign for the protection of the rights and interests of financial consumers. More »
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Structured Deposits Contract Since February Following Regulatory Pressure
Structured deposits in China have seen a sizeable contraction in 2019, following heavy pressure from regulators concerned about their use by commercial banks as a covert means of providing higher, steady returns. More »
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Chinese Central Bank Recruits Blockchain Experts for Statutory Digital Currency Development
The People’s Bank of China (PBOC) is looking for six new staff members with expertise in cryptography and blockchain technology to join the ranks of its digital currency research team. More »
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Alibaba’s Jack Ma, Tencent’s Pony Ma Top China’s 2019 Hurun Rich List
Chinese tech tycoons have topped the latest edition of the Hurun List of China’s richest individuals. More »
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China’s Provinces Appoint Banking Execs as Vice-Governors in Bid for Financial Pre-eminence
Domestic analysts say the recent trend of provincial governments appointing veteran banking execs to key political positions is part of competition to establish themselves as leading regional finance hubs. More »
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Regional Authorities Step up Scrutiny of Structured Deposits
Local authorities around China are expected to intensify their regulation of structured deposits provided by smaller regional banks. More »
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Sogou CEO Wang Xiaochuan Says Libra Will Act as a Bridge for Blockchain Technology
The CEO of one of China’s leading search engines has hailed the potential for Facebook’s proposed Libra digital currency to expand the use of consortium blockchains. More »
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Chinese Banks Suspend Cooperation with Third Party Data Providers Following Release of New Privacy Rules
The draft version of new rules on the collection of personal financial information moot additional prohibitions on various forms of data collection. More »
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Major Chinese Internet Companies See Revenues Rise over 20% YoY, Profits Leap 32.7%
Official data points to a sizeable rise in the revenues of China’s large-scale internet companies since the start of 2019. More »
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Shadow Banking Assets in China Drop to Lowest Level Since 2016: Moody’s
China’s shadow banking sector has been heavily squeezed by ongoing government pressure according to a new report from ratings agency Moody’s. More »
