Sunday, May 1, 2022

CCP Politburo Convenes Economic Work Meeting

The highest authority for the Chinese Communist Party (CCP) has sent a slew of policy signals at its latest economic work meeting. The CCP...

China Pushes for Global Systemically Important Banks to Improve Total Loss-absorbing Capacity via Bond Issues

China's financial regulators have issued new rules to facilitate the use of bond issues by the country's global systemically important banks (G-SIB's) to improve...

CSRC Pushes for Wealth Management Subsidiaries of Chinese Banks to Launch Mutual Funds

China's securities regulator has issued new rules to encourage the wealth management subsidiaries of banks to become licensed mutual funds operators. On 26 April...

Bank of Communications Permits Direct Use of Digital Renminbi for Online Payments

Big state-owned lender Bank of Communications (BOCOM) has commenced trials for the use of the digital renminbi directly for online payments purposes, without first...

China’s Listed Companies Post over 19% Profit Rise in 2021

Publicly listed companies in China posted growth in revenues and profits approaching 20% last year, as the Chinese economy bounced back from the impacts...

China’s Micro-Loan Companies Continue to Contract

The scale of China's micro-loan company sector has continued to contract since the start of 2022. As of the end of March 2022 China...

CCP Politburo Convenes Economic Work Meeting

The highest authority for the Chinese Communist Party (CCP) has sent a slew of policy signals at its latest economic work meeting. The CCP...

China Pushes for Global Systemically Important Banks to Improve Total Loss-absorbing Capacity via Bond Issues

China's financial regulators have issued new rules to facilitate the use of bond issues by the country's global systemically important banks (G-SIB's) to improve...

China’s Listed Companies Post over 19% Profit Rise in 2021

Publicly listed companies in China posted growth in revenues and profits approaching 20% last year, as the Chinese economy bounced back from the impacts...

China’s Micro-Loan Companies Continue to Contract

The scale of China's micro-loan company sector has continued to contract since the start of 2022. As of the end of March 2022 China...

Chinese Central Bank Pushes for Greater Lending Support for Tech Innovation with 200B Yuan Reloan Facility

The People's Bank of China (PBOC) says it will guide domestic financial institutions to provide greater financial support to innovative tech companies in China...