Monday, June 21, 2021

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June. 

Guangxi Rural Credit Society Becomes 14th Chinese Bank to Establish Fintech Subsidiary

A rural lender in the south-western province of Guangxi has become the latest banking sector financial institution in China to launch its...

Chinese Central Bank Calls for Greater Adoption of Legal Entity Identifiers as Part of Financial Digitisation and Opening

A senior official from the Chinese central bank has called for driving the increased used of global legal entity identifiers (LEI's) in...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

Guangxi Rural Credit Society Becomes 14th Chinese Bank to Establish Fintech Subsidiary

A rural lender in the south-western province of Guangxi has become the latest banking sector financial institution in China to launch its...

Chinese Central Bank Calls for Greater Adoption of Legal Entity Identifiers as Part of Financial Digitisation and Opening

A senior official from the Chinese central bank has called for driving the increased used of global legal entity identifiers (LEI's) in...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June. 

New Foreign Invested Enterprises in China Rise 48.6% for First Five Months of 2021

The number of new foreign invested enterprises established in China in the first five months of 2021 saw a surge of almost...

Total Assets of Chinese Financial Institutions Stood at USD$56.93 Trillion at End of First Quarter for YoY Growth of 9.5%

The total assets of financial institutions in China saw YoY growth of over 9% as of the end of the first quarter...

Local Government Land Sale Revenues in China Rose from 50 Billion to 8.4 Trillion Yuan in Just over Two Decades

Official data indicates that revenues derived from sales of land by China's local government authorities have surged by more than 165-fold since...

Golden Share System Better than Direct State Ownership for Controlling Systemically Important Fintech Companies: Top Chinese Central Banker

One of China's leading economists and formerly a top official at the Chinese central bank has called for the use of the...