Friday, October 30, 2020
Tags Finance

Tag: Finance

Caixin’s Hu Shuli Says China’s Economic Stability Means the Time is Ripe for Reform

The chief editor of one of China's leading financial news organisations has called for Beijing to use the breathing space provided by current economic...

90% of Consumer Loan Asset Backed Securities Issued by Unlicensed Institutions

New data indicates that the vast majority of consumer loan asset backed securities (ABS)  on China's interbank and exchange market are issued by unlicensed...

Medium-to-Long Term Credit Bounce in June Bodes Well for China’s Real Economy

Medium-to-long term lending to enterprise as well as homebuyers saw a rebound in June, boding well for the health of China's real economy and...

Is It Too Late for Banking Reform to Save China From Economic Collapse?

Political consultancy Global Risk Insights asks whether it's too late for reform of China's banking sector to save the country from economic catastrophe. In an...

China’s Debt Exceeds 300% of GDP: Institute of International Finance

The International Institute of Finance estimates that China's total debt level breached the threshold of 300% of GDP in May 2017, as the country's...

Beijing Cracks Down on Local Government Finance Under Guise of Service Purchases

China's central government is cracking down on the illegal financing of construction projects by local governments under the guise of "service purchases," as part...

SOE Ownership Reforms the Key to Financial Breakthroughs: Minsheng Investment

A top executive from China Minsheng Investment says that the implementation of mixed ownership reforms for the immense Chinese state-owned enterprise sector will be...

Have China’s Fintech Players Become Systemically Important?

A leading economics expert from Peking University says that some Fintech companies have already become players of systemic importance for the Chinese financial sector. Speaking...

China Will Further Open Financial Markets: PBOC

A senior figure from China's central bank has reiterated the country's commitment to further liberalisation and opening of its financial sector in future. During a...

PBOC Research Chief Weighs in on China’s Regulatory Challenges

Xu Zhong, the head of the People's Bank of China's research department, outlined the many difficulties faced by Chinese financial regulators during a key...

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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...