Monday, December 6, 2021

Citigroup Hopes to Establish Wholly Owned Investment Bank in China

Wall Street giant Citigroup hopes to return to the Chinese market following the loosening of restrictions on the ownership of domestic financial institutions by...

Shanghai’s Top Banking Regulator Placed under Investigation by CCP

The head of the Shanghai office of the Chinese banking regulator has been placed under investigation by the Chinese Communist Party's (CCP) disciplinary authority....

Experts Casts Doubt upon Legality of NFT Trading in China

Leading Chinese legal analysts says that trading of non-fungible tokens (NFT) in China continues to occupy a grey area that could soon prompt action...

Fully Licensed Credit Agencies in China Set to Reach 3 – 5: China Merchants Bank

The chief economist for one of China's national joint stock lenders expects regulators to allow the number of fully licensed credit ratings agencies operating...

Beijing Kicks off New Renminbi Trial with Focus on 2022 Winter Olympics

The Chinese capital has launched a new digital renminbi trial campaign in a bid to spur greater usage and adoption in the lead up...

Wealth Connect Survey Finds Mainland Chinese Favour Fund Products, Hong Kong and Macau Residents Eye Chinese WMP’s

A new survey of regional interest in the recently launched Wealth Connect initiative has found that mainland Chinese investors favour fund products, while investors...

Rental Prices Decline Across Most Chinese Cities in November

Rental prices in the majority of key cities around China posted declines in the month of November. Over 60% out of 40 major cities...

PBOC Seeks to Quell Concern over Ban on Personal Usage of QR Codes for Businesses Purposes

The Chinese central bank has made haste to quell concern over a recent decision to prohibit the use of personal QR codes provided by...

Monetary Policy to Play an Active Role in Driving Xi’s Call for Common Prosperity: PBOC

A senior official from the Chinese central bank has highlighted the role of monetary and financial policy in advancing President Xi Jinping's recent call...

People’s Daily Says New Anti-Monopoly Bureau Will Bring China’s Unrestrained Internet Platforms to Heel

The flagship newspaper of the Chinese Communist Party (CCP) says the launch of a new anti-monopoly authority in China marks the end of the...

Shanghai Data Exchange Officially Opens in Pudong

Shanghai has just seen the official opening of its new exchange for the trading of data assets. The official sign unveiling ceremony for the...