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Monthly Archives: April, 2018

Chinese Government Makes Haste to Contain Real Estate Bubble in Hainan

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The Chinese government has launched advance measures to contain a potential property bubble in the island province of Hainan just following the announcement of...

China Scraps Import Duties on Anti-cancer Treatments

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China's Ministry of Finance has announced the cancellation of import duties on 28 pharmaceutical products, including anti-cancer medication. The Ministry of Finance released the "State...

Shanghai Banking Regulator Slaps 10 Lenders with 11.78mn Yuan in Fines

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The Shanghai branch of China's banking regulator has issued 13 fines to banking sector financial institutions in the city worth a total of 11.78...

Increase the Role of Direct Financing to Combat Debt: Chinese Central Bank

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An opinion piece published by the Chinese central bank's official news publication has called for China to expand its use of direct financing in...

Bank of China Uses Blockchains for Most Hong Kong Property Appraisals

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One of China's big four banks is making extensive use of blockchain technology at its Hong Kong subsidiary to facilitate property transactions. Bank of China...

Chinese Politburo Outlines Key Economic Policy Themes

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The Chinese politburo has set out the key themes for China's economic policy settings moving ahead. The politburo convened a meeting on 23 April to...

Top Tax Official Says Maximum Personal Income Tax Should Be 25%

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One of China's senior-most tax officials says that personal income taxes are too high, and that a ceiling of 25% should be set for...

Beijing Commits to Clearance of Zombie Enterprises, Excess Steel and Coal Capacity

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China's central government says that it will continue to drive reductions in excess steel and coal capacity in 2018, as well as engage in...

China’s Voting Rights at World Bank Set to Rise After Capital Increase

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China will become the World Bank's third most influential member following the international financial institution's latest capital increase. The World Bank announced on 12 April...

Real Estate Loans Post Easing Growth in First Quarter: PBOC

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The latest official data from the Chinese central bank indicates that real estate-related lending saw a modest decline in growth in the first quarter...
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