Chinese tech giant Alibaba has just launched a new smart manufacturing platform that incorporate a swathe of advanced technologies including cloud computing, the Internet of Things and artificial intelligence. More »
China’s domestic passenger flights have staged a robust recovery in the wake of the COVID-19 pandemic, with August seeing a record number of trips for 2020. More »
By Wade Weems, Chang Liu, and Nan Wang; Kobre & Kim LLP Just like the many Chinese businesses caught up in the U.S.-China trade war, high-net-worth individuals in the PRC also can be targets in U.S. criminal cases or face U.S. civil and regulatory penalties ba... More »
The latest official data indicates that the benchmark Loan Prime Rate (LPR) currently serves as the basis for pricing of the vast majority of outstanding floating rate personal home loans and enterprise loans, just a year following the launch of reforms to inc... More »
Baidu’s fintech spinoff Du Xiaoman Financial has entered an agreement with the Chinese Academy of Sciences (CAS) to train up postdoc talent in the field of artificial intelligence (AI). More »
The People’s Bank of China (PBOC) has flagged the launch of further reforms to augment the sway of the benchmark Loan Prime Rate (LPR). More »
State-owned investment company CITIC Group has announced the launch of a cooperative partnership with leading e-commerce and fintech players Alibaba Group and Ant Group. More »
Official data points to a sizeable expansion in efforts by Chinese banks to write-off their dud debt in 2020, as the COVID-19 pandemic continues to hamper the health of the economy and the financial system. More »
The vast majority of Chinese and US companies remain intent on continuing to conduct business in each other’s countries according to surveys conducted by chambers of commerce. More »
A senior official from the Chinese central bank has provided further details on the statutory digital currency that is currently being trialed in multiple cities throughout China. More »
The latest official data points to a double-digit YoY rise in the total assets of the Chinese financial sector. More »
The Chinese central bank and a slew of other central government agencies have jointly unveiled plans for financial inclusion trials in three cities situated in the provinces of Jiangxi and Shandong. More »
