Tuesday, October 19, 2021

China Construction Bank Chair Says Loss of Biodiversity a Threat to Humanity, Banks Must Focus on Digitisation-Driven Green Finance

The chair of one of China's big state-owned lenders has called for the Chinese banking sectors to focus on digital transformation and green finance...

36 Chinese Banks Sign up for Biodiversity Conservation Declaration in Kunming

Chinese banks have signed up en masse to a new global convention for supporting the preservation of biodiversity, amidst a push for greater green...

Evergrande Group’s Debt Crisis Is an “Isolated Phenomenon,” China’s Real Estate Sector Remains Healthy: Central Bank Official

A senior official from the People's Bank of China (PBOC) says that the impact of Evergrande Group's debt crisis on the country's property market...

Tech Investment by Chinese Banks Surges 20% in 2020

IT investment by Chinese banks surged by more than 20% in 2020 despite the adverse impacts of the COVID-19 pandemic. In 2020 Chinese banking...

Changsha Launches Development of Special Digital Renminbi Demonstration Zone

Digital renminbi trials are further accelerating, with the Hunan province capital of Changsha launching its own demonstration zone for the new central bank currency....

Ant Group’s MYBank Launches “Wild Goose” Digital Supply Chain Finance Solution

Ant Group-backed digital lender MYBank has launched a new supply chain finance solution which has already attracted the participation of some of China's leading...

Evergrande Group’s Debt Crisis Is an “Isolated Phenomenon,” China’s Real Estate Sector Remains Healthy: Central Bank Official

A senior official from the People's Bank of China (PBOC) says that the impact of Evergrande Group's debt crisis on the country's property market...

China’s Forex Authority Flags Coordinated Push for Capital Account Opening, Financial Market Opening and Renminbi Internationalisation

The head of China's foreign exchange authority has called for more concerted and coordinated efforts to drive ongoing liberalisation and opening of the country's...

Agricultural Development Bank of China Makes 1.77 Trillion Yuan in Loans in First Three Quarters of 2021

One of China's big three policy banks has significantly stepped up its lending volumes since the start of 2021. Agricultural Development Bank of China...

KPMG Signs Strategic Cooperative Framework Agreement with Dalian’s New Tech District

Multinational services firm KPMG is teaming up with the north-eastern city of Dalian to help drive the development of its new tech district. KPMG...

Total Social Financing up 10% at End of September, Shadow Banking Channels Contract

The latest data from the Chinese central bank points to a steady rise in China's total social financing (TSF) at the end of the...