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Deleveraging Campaign Puts Kibosh on Consumer Loan Securitisation Binge

China's ongoing deleveraging campaign is expected to cool the boom in consumer loan securitisation by online micro-lenders and large-scale Fintech concerns. Consumer loan securitisation has...

CBRC Sets Sights on Entrusted Loans in the Shadow Banking Sector

The China Banking Regulatory Commission has issued new rules that tighten regulation of entrusted loans, a category of credit extension that is considered a...

Beijing Cracks Down on Leveraged, Under-the-Table Bond Trades

China's financial regulators have introduced new rules that seek to contain leveraged  and under-the-table bond trading. The new regulations jointly issued by the People's Bank...

China’s Deleveraging Campaign Sets Its Sights on Bond Trading

The Chinese central government is introducing new rules to tighten trading on the bond market as part of its ongoing deleveraging campaign, according to...

Think Tank Warns of Impending Chinese Pension Dilemma

A new report from one of the China's leading think tanks warns that the country's pension system could soon run aground due to demographic...

Central Bank Tightens the Screws on Interbank Certificates of Deposit

The People's Bank of China has greeted 2018 with further tightening of interbank lending activities. Despite a crackdown on shadow banking last year, interbank certificate...

China to Build USD$2.1 Billion Artificial Intelligence Research Park in Beijing

China plans to build a 13.8 billion yuan (USD$2.1 billion) research facility dedicated to artificial intelligence in the Mentougou district of western Beijing. The state-owned...

Ant Financial’s Bid for MoneyGram Blocked on National Security Grounds

Ant Financial's ambitions to take over US payments giant MoneyGram International have been thwarted by a US government panel that has rejected the purchase...

Chinese Central Bank Tipped to Raise Money Market Rates Moderately in 2018

A new survey from Bloomberg sees the People's Bank of China applying modest hikes to money market rates this year, as its deleveraging campaign...

Credit Stimulus No Longer Effective at Shoring up Chinese Growth: IMF

A new paper from the International Monetary Fund concludes that credit stimulus is no longer capable of supporting further growth of the Chinese economy. The...

Chinese Central Bank’s Liquidity Injections Surged in December

The People's Bank of China posted a sharp on-month increase in its open market liquidity injections for December, in a bid to ease constrained...

Financial Work Conference Flags Greater Scrutiny of Local Government Debt in 2018

China's National Financial Work Conference has indicated that the government will step up its regulation and scrutiny of local government debt in 2018. The National...

Latest stories

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Research

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...

Banks in Guangzhou, Shenzhen Reportedly Suspend New Mortgages as Regulators Tighten Restrictions on Property Loans

Banks operating in the Guangdong province capital of Guangzhou have reportedly suspended the provision of new mortgages following the imposition of caps...