Saturday, October 24, 2020
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China Defenceless Against Debt Crisis If Financial Sector Opened: Michael Pettis

A leading expert on the Chinese economy says opening of the finance sector could leave regulators defenceless against a debt-induced crisis. China's central government has...

Central Bank Chief Says Opening of Finance Sector Key to Prevention of Systemic Risk

The head of the People's Bank of China said that reform and opening of the country's financial sector is the key to prevention of...

Caixin Editor Calls for One Belt One Road to Spur China’s Economic Openness

The editor-in-chief of one of China's most influential business media outlets has called for the country to use the One Belt One Road as an...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...