Categories
Banking Economy

Shanghai and Millenials Dominate Chinese New Year Consumption: Tencent Financial Technology

A new report from Tencent Financial Technology indicates that Shanghai residents and millenials dominated consumer spending via Tencent platforms during the traditional Chinese holiday season.

Categories
Economy

Shanghai Tops List of Minimum Wages in China by Province

The latest official data indicates that the coastal financial hub of Shanghai provides the highest minimum wage in China when broken down by province-level administrative entity.

Categories
Banking

Beijing, Guangzhou and Shanghai Host to China’s Lowest First Home Loan Rates

The mega-cities of Beijing, Guangzhou and Shanghai are amongst the Chinese urban centres posting the lowest first home loan rates in July, despite an ongoing campaign by the central government to contain housing markets.

Categories
Fintech

Shanghai’s Lujiazui Financial District Sees Protests over Failed P2P Platform

Chinese investors in online peer-to-peer (P2P) lending platform PPMiao have staged protests at the Shanghai office of one of its key shareholders, as problems in the sector continue to intensify.

Categories
Economy

Chinese Provinces with Highest Levels of Consumption Revealed

New data from the National Bureau of Statistics (NBS) reveals which province-level regions in China are host to the highest levels of consumer spending.

Categories
Economy

Beijing and Shanghai See Average Disposable Incomes Exceed $4,400 in First Half

The latest official data indicates that average disposable incomes in the Chinese mega-cities of Beijing and Shanghai have breached the 30,000 yuan (approx. USD$4430) threshold.

Categories
Banking

Shanghai Expands Opening of Finance Sector with Reforms in Six Key Areas

The Shanghai municipal government is driving further opening of its financial sector with the launch of a slew of new reform initiatives.

Categories
Economy

Shanghai, Beijing, Zhejiang Top China’s Disposable Income List for Q1 2018

China’s National Bureau of Statistics and its local offices have just issued the average disposable income figures for all of mainland China’s 31 province-level entities in the first quarter of 2018.

Categories
Banking

Beijing, Shanghai and Shenzhen Account for 60% of Chinese Venture Capital

A new report from one of China’s leading think tanks indicates that the megacities of Beijing, Shanghai and Shenzhen grab the king’s share of venture capital investment in the country.

Categories
Economy

China’s Second-tier Cities on the Verge of Peak Population Growth

A new report indicates that many Chinese cities are about to undergo peak population expansion, as established urban centres start to see easing or even negative growth.