Thursday, August 5, 2021

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...

Xiong’an New Area to Step up Financial Infrastructure Development, Establish Fintech Hub

The Hebei province government has unveiled plans to transform the Xiong'an New Area into a hub for the regional fintech sector and...

Bank of Shanghai Grabs Approval to Launch Wealth Management Subsidiary

Bank of Shanghai has become the latest lender to obtain approval for the establishment of its own wealth management subsidiary, as well...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Xiong’an New Area to Step up Financial Infrastructure Development, Establish Fintech Hub

The Hebei province government has unveiled plans to transform the Xiong'an New Area into a hub for the regional fintech sector and...

Chinese Central Bank Flags Greater Cooperation with Kazakhstan on Payments and Finance

The People's Bank of China (PBOC) has flagged greater cooperation with the Central Asian nation of Kazakhstan in the area of payments....

Chinese Central Bank Flags Greater Cooperation with Kazakhstan on Payments and Finance

The People's Bank of China (PBOC) has flagged greater cooperation with the Central Asian nation of Kazakhstan in the area of payments....

Chinese Central Bank Outlines Eight Key Missions for Second Half of 2021

The People's Bank of China (PBOC) has outlined its chief focal points for policy decisions in the second half of 2021.

China’s Cloud Market Surpasses 30B Yuan in First Quarter, Alibaba Cloud, Tencent and Huawei Lead: IDC Report

A new report from market intelligence firm IDC indicates that the Chinese cloud computing market exceeded the 30 billion yuan threshold in...

China Construction Bank Commits over $46 Billion in Financing to Suzhou’s Economic Development

One of China's big state-owned banks has stepped up its financial support for the Jiangsu province economic hub of Suzhou by means...

Ex-Bank of China Chief Warns Libra, Diem Could Strengthen US dollar “Hegemony,” Highlights Challenges of Decentralised Finance

The former head of one of China's big state-owned banks has warned that emerging cryptocurrencies such as Libra and Diem could potentially...