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Banking

Establishment of New Foreign Enterprises in China Nearly Doubles

Official data indicates that the number of new foreign-invested enterprises has seen a surge since the start of 2018.

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Economy

90% of China’s Artificial Intelligence Firms Incur Losses in 2017

A new report indicates that the vast majority of China’s artificial intelligence firms are still struggling to turn a profit.

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Banking Economy Finance

Beijing Wants Greater Clout for Chinese A-shares on MSCI Indices

The securities regulator says that it hopes to increase the inclusion factor of renminbi-denominated Chinese A shares on MSCI indices as soon as possible.

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Banking Economy Finance

Will Chinese Central Bank Follow Fed Rate Hikes in The Second Half?

Domestics analysts say that the performance of the Chinese economy remains the primary concern for the People’s Bank of China when it comes to setting interest rates, after it refrained from following the latest hike by the US Fed.

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Finance Fintech

Online Finance Will Trigger Next Financial Crisis: Bank of China Chief

The chair of one’s China’s big four state-owned banks has warned of the perils of fintech and online finance.

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Economy Finance

Chinese Banking Regulator Warns Yields in Excess of 10% Mean Automatic Loss for Investors

The head of the China Banking and Insurance Regulatory Commission (CBIRC) has warned investors of the perils of illicit financial activities that promise lucrative rewards.

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Economy Finance

State-owned Chinese Banks Obtain Extra Credit Quotas to Shore up Liquidity

Financial regulators have provided China’s big state-owned banks with additional credit quotas in order to ease tighter monetary conditions arising from Beijing’s ongoing deleveraging campaign.

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Banking Finance

China Faces Hard Choice Between Deleveraging and Economic Growth

A leading expert on China’s financial system says that the country’s banks are still under heavy stress, and that Beijing will soon need to make a hard choice between effective deleveraging of the economy and propping up GDP growth.

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Banking Economy Finance

Lifting of QFII Restrictions Expected to Drive Foreign Investment in Chinese A Shares

Analysts expect the Chinese government’s recent move to lift restrictions on qualified foreign institutional investors (QFII) to spur investment in domestic A-shares.

Categories
Economy

Local Government Debt Stood at 16.6 Trillion Yuan as of End of May

The latest data from the Ministry of Finance (MOF) indicates that the total debt balance of China’s local governments exceeded 16 trillion yuan as of the end of last month.