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Finance

China Will Maintain Deleveraging Campaign Under 2016 – 2020 Five Year Plan

China will maintain its ongoing deleveraging campaign and continue to drive key reforms of the financial sector according to sources speaking to Reuters.

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Finance

PBOC Puts Pressure on Third Party Payments with over 30 Fines in 2018

The Chinese central bank is stepping up the pressure on the country’s third party payments providers in 2018, after first beginning to scrutinise the sector two years ago.

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Finance Fintech

Chinese State TV Warns of Burgeoning Cryptocurrency Bubble

China Central TV has run an investigatory news story on the perils of cryptocurrency speculation, warning that a bubble continues to brew on the market for blockchain-based money.

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Finance Fintech

Tsinghua Launches Blockchain Research Center with Help of Tencent

One of China’s biggest internet companies has joined forces with one of its leading universities to start a new blockchain research centre.

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Economy Finance

RMB Robust Despite Stronger Dollar, Foreign Holdings of Chinese Debt Hit Record High

The resurgent strength of the US dollar is doing little to diminish the health of the Chinese yuan, while foreign holdings of Chinese bonds have lifted to unprecedented levels.

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Economy Finance

China’s Publicly Offered Funds Paid 1.71tn Yuan in Dividends by End of 2017

The latest data  from the China Securities Regulatory Commission (CSRC) indicates that publicly offered funds in the country paid out 1.71 trillion yuan in dividends as of the end of 2017.

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Banking Finance

Ex-PBOC Head Zhou Xiaochuan Shares Insights on Great Financial Crisis

The former head of the Chinese central bank has offered his insights into the 2008 Great Financial Crisis at a forum held in Beijing over the weekend.

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Banking Finance

PBOC Loosens Cross-border Capital Flows to Boost Financial Opening

The Chinese central bank has launched new measures to expand cross-border capital flows amidst an ongoing push for greater financial sector opening from Beijing.

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Finance Fintech

Ethereum Declared Best Blockchain by Chinese Government

A new report from China’s Ministry of Industry and Information Technology (MIIT) has named Ethereum the leading public blockchain.

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Economy Finance

Revival of QDII Quota Growth Expected to Accelerate Chinese Foreign Investment

Domestic observers say that plans to expand quotas for China’s Qualified Domestic Institutional Investors (QDII) are part of broader efforts to accelerate Chinese investment abroad.