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Monthly Archives: September, 2017

Beijing Realtors Tell Home Buyers to Lie to Banks for Down Payment Loans

The greater Beijing metropolitan area has seen the return of loans for home down payments, despite a prohibition on the financial practice as part...

Chinese ICO Platforms Shut Down Operations Following Launch of Ban by Central Bank

A slew of ICO platforms in China have suspended operations following the central bank's announcement of a ban on cryptocurrency financial activity and a...

Caixin Services PMI Hits Three Month High

The services sector purchasing managers index produced by leading Chinese financial publication Caixin has breached a three month high for the month of August. The Caixin...

Central Bank Says Property Market Creating Major Risk for Financial Sector

One of the central bank's senior-most officials says that China's property market has become an acute source of risk for the financial system, and...

Chinese Regulators Step up Focus on Fintech with 1828 Fines in 2017

The People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission have jointly issued a total of 1,828...

China Declares Initial Coin Offerings Illegal

The Chinese government has just declared initial coin offerings to be an illegal form of financial activity, mandating a ban on cryptocurrency crowdfunding as...

Central Bank Sounds Alarm on Non-performing Loans in China’s Northeast

The flagship news publication of the People's Bank of China reports that non-performing loans are on the rise in China's north-eastern provinces, as well...

New Chinese Lending Expected to Breach USD$152 Billion Threshold in August

Chinese analysts expect new lending to reach 1 trillion yuan (USD$152.67 billion) for August on the back of improving confidence and robust growth in...

BTC China Suspends ICO’s in Anticipation of Cryptocurrency Crackdown

One of China's largest Bitcoin exchanges has announced the suspension of initial coin offerings, as Chinese regulators flag the possibility of a provisional ban...

Chinese Economy About to “Hit a Wall”: Founder of J Capital

One of America's leading China experts says that the Chinese economy and currency are both on the verge of collapse following excessive real estate...

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