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Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...