Thursday, October 22, 2020

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10 Leading Chinese Cities See Pre-owned Home Transactions Drop 20% in First Half

A new report points to a drop in pre-owned home transactions across ten major Chinese cities in the first half of 2018 following the...

Trade in Services Rises 12% Year-on-Year for First Five Months of 2018

Official data points to robust growth in China's trade in services for the period from January to May of 2018. During the period from January...

China’s Leading Real Estate Developers Expand Market Dominance

China's large-scale real estate developers expanded their share of the market in the first half of 2018. Data from the China Index Academy indicates that...

Chinese Debt Instruments Maintain Steady Growth in June

The issuance of debt instruments in China posted steady growth in June according to the latest industry data, despite a spate of bond defaults...

“Falling Renminbi is Short-term Fluctuation, Not Long-term Trend:” State-owned Media

An editorial piece run by the state-owned Economic Information Daily contends that recent drops in the value of the renminbi are merely short-term shifts...

Baidu Spinoff Du Xiaoman Financial Says Artificial Intelligence is the Future of Fintech

Former Baidu fintech unit Du Xiaoman Financial says that artificial intelligence will lie at the core of upcoming fintech innovations. Speaking at the Baidu AI...

“No Force Can Reverse China’s Economic Advance:” Guo Shuqing Addresses Sino-US Trade War

The head of the China Banking and Insurance Regulatory Commission and the party secretary of the Chinese central bank has stressed Beijing's confidence in...

“China Can No Longer Rely Upon Artificial Leverage Gains to Chase High Speed Growth:” Liu Shimian

A member of the Chinese central bank's monetary policy committee has stressed Beijing's commitment to containing leverage. China recently launched a heavy-handed deleveraging campaign, which...

Shanghai Launches New Property Controls to Contain Speculation Using Shell Companies

Shanghai is one of numerous cities around China that have launched new policies to control speculative investment in real estate via shell companies. On 3...

Renmin University Establishes “Blockchain Fintech Lab” with Xiaoniu88

One of China's top universities is launching a "blockchain fintech lab" in conjunction with a leading online fintech platform. Xiaoniu Capital (小牛资本), the parent company...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...