Monday, July 4, 2022

China’s Cyberspace Authority Targets Fraudulent Apps Imitating Well-known Online Platforms

The Cyberspace Administration of China (CAC) has found that fake investment apps figure prominently amongst the thousands of fraudulent apps investigated by the authority...

Chinese Central Bank Applies for Digital Renminbi ATM/CDM Patent

The People's Bank of China (PBOC) has led a joint application for a patent on an automatic teller machine (ATM)/ cash deposit machine (CDM)...

Agricultural Bank of China’s County-level Lending Hits Record High in First Quarter, NPL Ratio Edges Lower

Big state-owned lender Agricultural Bank of China (ABC) saw its lending to Chinese counties rise to a record high during the first quarter of...

Henan Authorities Announce Breakthrough in Yuzhou Xin Minsheng Bank Run Case

Henan province authorities say they have made major progress in their investigation of a recent bank fraud case that threatened to trigger a run...

Registered Market Entities in China Rise 3.6% in 2022 to 159 Million

The number of registered market entities in China has seen growth of over 3% since the start of the year, as central government policy...

First Carbon Neutral ETF’s in China Garner Approval in Shanghai

Chinese authorities have just approved the country's first carbon-neutral exchange traded funds (ETF's), following concerted efforts by regulators to drive growth in green finance....

Agricultural Bank of China’s County-level Lending Hits Record High in First Quarter, NPL Ratio Edges Lower

Big state-owned lender Agricultural Bank of China (ABC) saw its lending to Chinese counties rise to a record high during the first quarter of...

Registered Market Entities in China Rise 3.6% in 2022 to 159 Million

The number of registered market entities in China has seen growth of over 3% since the start of the year, as central government policy...

Real Estate Defaults Lead to China Merchant Bank’s First Rise in Non-Performing Loans in Five Years

One of China's joint-stock lenders has highlighted the strong concentration of real estate and credit card lending in its risk assets following the first...

PBOC’s Monetary Policy Meeting Calls for Greater Support for Small Businesses and Low Carbon Growth

The latest meeting of the Chinese central bank's Monetary Policy Committee has stressed the need for greater financial inclusion and channelling more funds towards...

China Still Has Room for Required Reserve and Interest Rate Cuts: Minsheng Bank

Wen Bin (温彬), chief economist with China Minsheng Bank, says the Chinese central bank still has room to implement cuts to both the required...