Sunday, January 17, 2021

Monthly Archives: April, 2018

Baidu Sells Majority Stake in Financial Services Unit for $1.9bn

Chinese Internet giant Baidu Inc has announced that will sell off a majority stake in its Baidu Financial Services Group ( Baidu FSG) for...

Economic Cooperation is the Accelerator for Sino-Indian Relations: People’s Daily

The flagship newspaper of the Chinese Communist Party has hailed the potential for increased economic and trade ties to bolster Sino-Indian relations. A People's Daily...

Sino-Russian Trade Tipped to Hit $100 Billion in 2018

The Chinese government expects trade with Russia to breach at least USD$100 billion this year. "Bilateral trade is gaining steam," said Liu Xuesong, a senior...

China Won’t Depreciate Yuan Amidst Worsening Sino-US Trade Tensions: Xinhua

China's state media has sought to assuage concerns that recent fluctuations in the RMB- USD exchange rate signal a concerted effort to depreciate the...

Five Key Points for Understanding China’s New Asset Management Rules

The launch of new regulations governing the asset management sector is expected to have a far-reaching impact upon the Chinese financial system. On 27 April...

People’s Daily Stresses China’s Commitment to Intellectual Property Rights

The flagship newspaper of the Chinese Communist Party has run a headline news story on its official website reiterating Beijing's commitment to the protection...

Nationwide Urban Employment Rises by 3.3mn in First Quarter

The latest official data points to a significant uptick in China's nationwide urban employment levels during the first quarter. Figures released by China's Ministry of...

Will PBOC’s Reserve Ratio Cuts Fuel Gains in Real Estate Prices?

The Chinese central bank's abrupt decision to cut the required reserve ratio for commercial lenders has triggered concerns that the liquidity unleashed could fuel...

Over Half of China’s Provinces Outpace National GDP Growth in First Quarter

29 out of China's 31 province-level administrative units have released their GDP figures for the first quarter, with 17 posting growth ahead of the...

CSRC Allows Foreign Control of Joint-venture Securities Firms

China's securities regulator has announced that it will permit foreign parties to acquire controlling equity stakes in joint-venture securities companies as part of broader...

Most Read

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.