Friday, October 30, 2020
Tags Finance

Tag: Finance

New RMB Lending for July Expected to Rise 72.6% YoY, M2 Growth Seen Bouncing Back

A new survey of analysts sees new lending of 800 billion yuan in July, for a slide compared to the preceding month yet a...

Debt Clampdown Compels Local Government to Renege on Bank Commitment Letters

A clampdown on local government borrowing practices by Beijing is already having an impact on regional finance, putting authorities in the difficult position of...

Are Financing Costs Easing for Chinese Enterprise?

A new study from the Chinese Academy of Fiscal Science indicates that policy measures could be proving effective at tamping down the cost of...

China’s Central Bank Says Smooth, Orderly Deleveraging Must Continue

The assistant governor of China's central bank has said that it will continue to pursue a "smooth and orderly" deleveraging that will reduce the...

Ministry of Finance Claims Success in Curbing Local Government Debt

Beijing says that government debt risk still lies within "controllable" limits, while also resolving to dissipate accumulated local government financial risk and control growth...

China’s Economy is Already Over Financialized: Vice-head of NPC Standing Committee

The former vice-chairwoman of the 10th Standing Committee of China's National People's Congress said one of the byproducts of the breakneck growth of the...

Central Government Warns Against Reversal of Deleveraging to Drive Growth

One of the Chinese government's senior-most financial authorities has warned against reversing the ongoing deleveraging efforts of regulators just for the purpose of propping...

Moody’s Upgrades Outlook for China’s Banking System from Negative to Stable

Moody's Investor Services has just revised it outlook for China's banking system from negative to stable, following the implementation of concerted policy measures to...

China’s Financial System a Conduit for Channelling Funds to Infrastructure, Real Estate: CASS Report

A new research report from one of China's leading think tanks indicates that asset management companies are serving as a conduit for channeling funds...

Top Financial Think Tank Says China Can Learn from America’s Mistakes

The head of one of China's top think tanks says that the heavy emphasis placed upon regulation of the Chinese financial sector comes as...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...