Saturday, January 22, 2022

Banks in Beijing, Shanghai and Shenzhen Reduce Home Loan Rates Following LPR Cut

Commercial banks in the cities of Beijing, Shanghai and Shenzhen have pushed through cuts to home loan rates in the immediate wake of declines...

Evergrande Group Seeks Aid of CICC and Bank of China in Disposing of Debt Risk

Beleaguered Chinese property giant Evergrande Group hopes to enlist the aid of big state-owned lender Bank of China (BOC) and investment bank China International...

Ping An Group and Ant Group Top List of World’s Leading Fintech Patent Applicants

Chinese companies dominate a new list of the world's leading companies terms of fintech patent application quality. The "2021 Global Fintech Enterprise Patent Quality...

Centralised Data Platform for Wealth Management Products Expected to Drive Sales for Smaller Chinese Banks

China has launched a new centralised data platform for the country's wealth management sector which is expected to facilitate sales of wealth management products...

China Issues New Rules on Internet Platform Economy, Bans Exclusive Payments Arrangements

The Chinese central government has issued a new set of rules concerning the operation of the country's economically critical Internet platforms, which are set...

Digital Renminbi Trial Application Sites Exceed 8 Million at End of 2021, Personal Wallets Surpass 250 Million in Total

China's digital renminbi pilot sites breached the 8 million threshold at the end of 2021, less than two years following the official launch of...

Banks in Beijing, Shanghai and Shenzhen Reduce Home Loan Rates Following LPR Cut

Commercial banks in the cities of Beijing, Shanghai and Shenzhen have pushed through cuts to home loan rates in the immediate wake of declines...

China Issues New Rules on Internet Platform Economy, Bans Exclusive Payments Arrangements

The Chinese central government has issued a new set of rules concerning the operation of the country's economically critical Internet platforms, which are set...

China’s Loan Prime Rate Declines For Second Consecutive Month in January

China's benchmark lending rates have seen their second consecutive month of decline, as Chinese regulators lend greater support to markets in the wake of...

Chinese 5G Mobile Phone Shipments Surge 63.5% in 2021, Domestic Brands Dominate the Market

China saw a surge in shipments of 5G mobile phones in 2021, while domestic brands continued to increase their share of the Chinese market....

China’s State Planner Outlines Macro-Economic Focal Points for 2022

China's top planning authority has outlined its key focal points for economic policy in 2022. Yuan Da (袁达), a senior official from the National...