Thursday, October 22, 2020

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China Minsheng Bank Opens Flagship Fintech Branch in Beijing

One of China's leading commercial banks has opened a "flagship fintech branch" in the Beijing tech sector hub of Zhongguancun. The Zhongguancun branch of China Minsheng...

China’s Banking Regulator Dispenses More Than 1600 Fines in First Half of 2018

The volume and value of fines issued by China's banking regulator to misbehaving financial institutions hit a record high in the first half of...

Monetary Compensation for Shantytown Redevelopment Set to Decline, Cool Housing Markets

The provision of monetary compensation to the displaced residents of Chinese shantytowns undergoing redevelopment is set to decline according to sources speaking to state-owned...

Land Sale Revenues for 50 Chinese Cities Rise 40% in First Half

The revenues from land sales in 50 major cities across China have posted a sizeable increase in the first half of 2018. Data from Centaline...

Bond Connect Helps Drive Foreign Holdings of Chinese Debt to over 1.2 Trillion Yuan

The launch of the Bond Connect initiative has helped foreign institutions to expand their holdings of Chinese debt to an unprecedented high of over...

“There Is No Inevitable Relationship Between Digital Currency and the Blockchain:” Chinese Central Bank

A senior official from the digital currency research team of the Chinese central bank says that China's efforts to develop a statutory cryptocurrency will...

Online Lending Platforms in China Staged World Cup Promotional Events to Draw Investors

P2P lending platforms in China have staged a slew of World Cup-related promotional events in order to attract investors. Online finance consultancy Yingcan Zixun (盈灿咨询)...

P2P Lending in China Plunges in June Amidst Platform Closures

China has seen a sharp drop in the transaction volume for its P2P online lending sector as regulators crackdown on internet finance. The "P2P Internet...

PBOC Says China’s Fiscal System Reason Behind Its Leverage Woes

The head of research for the Chinese central bank has imputed China's leverage-related risk to problems with the country's fiscal and taxation system, and...

Beijing Flags Greater Support for Blockchain Sector

The Chinese central government has signalled that it will provide greater support for the development of the domestic blockchain sector, as well as develop...

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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...