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Hainan Free Trade Zone Launches Billion Yuan Blockchain Fund
The island province of Hainan has unveiled plans to launch a blockchain enterprise development fund in China’s first ever authorised blockchain pilot zone. More »
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Household Leverage Ratios Exceed 100% in Hangzhou, Top 80% in Zhejiang Province and Shanghai
The latest official data indicates that the economic powerhouse of Zhejiang province is host to the country’s most highly leveraged households. More »
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Chinese Central Bank Flags Formulation of New Fintech and Blockchain Standards
The People’s Bank of China (PBOC) says it’s working on a total of 17 new fintech standards for technologies including the blockchain, as part of efforts to improve its fintech regulatory system. More »
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Office Building Vacancies Exceed 10% in Four First-tier Chinese Cities
A new report from CBRE Group points to an unprecedented rise in the vacancy rates for office buildings in China’s leading cities. More »
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Beijing Launches Fintech Regulatory Sandbox with Central Bank Backing
The Beijing municipal government has announced the launch of a new pilot scheme for fintech regulation. More »
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Over 50 Chinese Banks Fined for Home Loan Infractions in 2019
The China Banking and Insurance Regulatory Commission (CBIRC) has kept up the pressure on the Chinese banking sector in 2019 with the issuance of a copious volume of fines. More »
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Sichuan Province Places Ban on P2P Activity within Its Borders
The huge inland province of Sichuan has placed a ban on both local and outside online lending companies engaging in P2P lending services within its jurisdiction. More »
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30 Real Estate Enterprises Account for Half of Commercial Housing Sales in China
Sales in the Chinese housing sector are increasingly concentrated amongst a small coterie of leading real estate concerns. More »
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2019 Set to Be Another Record Year for Chinese Onshore Bond Defaults
2019 is set to be another record year for onshore bond defaults in China following a flurry of recent payment failures amidst easing economic growth. More »
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People’s Daily Warns against “Malignant Competition” in Blockchain Development
The flagship newspaper of the Chinese Communist Party has published an editorial piece calling for greater restraint and safeguards when it comes to the pursuit of blockchain development. More »
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China’s Average Commercial Housing Price Doubles in the Space of a Decade
China’s real estate market has seen a surge in commercial housing prices over the past decade, in tandem with a plunge in the rent-to-price ratio. More »
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PBOC Mulls Ban on Agency Collection Operations for P2P Lending Platforms
The Chinese central bank has just released a draft version of new regulations on agency collection operations that places a ban on their association with P2P lending platforms. More »
