Tuesday, July 5, 2022

Blockchain Sector Sees Boom in China Despite Cryptocurrency Ban

The blockchain sector in China has seen booming growth, despite strenuous efforts by Chinese regulators to suppress the cryptocurrency market since 2017. China's blockchain...

China’s Banking Sector Emerges from Covid Stronger than Before, Accounts for 1/3 of Global Tier 1 Capital: The Banker

China's leading banks have become stronger and more resilient in the wake of the Covid-19 pandemic, according to a report from The Banker. Chinese...

China’s Cyberspace Authority Targets Fraudulent Apps Imitating Well-known Online Platforms

The Cyberspace Administration of China (CAC) has found that fake investment apps figure prominently amongst the thousands of fraudulent apps investigated by the authority...

Chinese Central Bank Applies for Digital Renminbi ATM/CDM Patent

The People's Bank of China (PBOC) has led a joint application for a patent on an automatic teller machine (ATM)/ cash deposit machine (CDM)...

Agricultural Bank of China’s County-level Lending Hits Record High in First Quarter, NPL Ratio Edges Lower

Big state-owned lender Agricultural Bank of China (ABC) saw its lending to Chinese counties rise to a record high during the first quarter of...

Henan Authorities Announce Breakthrough in Yuzhou Xin Minsheng Bank Run Case

Henan province authorities say they have made major progress in their investigation of a recent bank fraud case that threatened to trigger a run...

Blockchain Sector Sees Boom in China Despite Cryptocurrency Ban

The blockchain sector in China has seen booming growth, despite strenuous efforts by Chinese regulators to suppress the cryptocurrency market since 2017. China's blockchain...

China’s Banking Sector Emerges from Covid Stronger than Before, Accounts for 1/3 of Global Tier 1 Capital: The Banker

China's leading banks have become stronger and more resilient in the wake of the Covid-19 pandemic, according to a report from The Banker. Chinese...

Agricultural Bank of China’s County-level Lending Hits Record High in First Quarter, NPL Ratio Edges Lower

Big state-owned lender Agricultural Bank of China (ABC) saw its lending to Chinese counties rise to a record high during the first quarter of...

Registered Market Entities in China Rise 3.6% in 2022 to 159 Million

The number of registered market entities in China has seen growth of over 3% since the start of the year, as central government policy...

Real Estate Defaults Lead to China Merchant Bank’s First Rise in Non-Performing Loans in Five Years

One of China's joint-stock lenders has highlighted the strong concentration of real estate and credit card lending in its risk assets following the first...