Wednesday, January 20, 2021

Monthly Archives: June, 2018

Foreign Investment Negative List Loosens Restrictions for Finance and Banking

Beijing has unveiled a new negative list for foreign investment that significantly loosens restrictions for 22 key sectors, including banking, securities, automobile manufacturing and...

China Spurs Growth of Artificial Intelligence Sector

Regional authorities around China have launched plans to foster the development of their artificial intelligence industries. Chongqing, Guangdong, Tianjin, Liaoning, Heilongjiang, Fujian, Sichuan and Anhui...

250 Chinese Investment Funds Liquidated in First Half, Exceed Total Closures for 2014 – 2017

New data indicates that the number of Chinese investment funds that were liquidated in the first half of 2018 exceeded the number liquidated during...

Beijing Unveils 23 Measures to Support Financial Inclusion for Small and Micro-enterprises

China's central financial authorities have launched a slew of new measures to expand financial inclusion for the country's small and micro-enterprises. On 26 June the...

“Central Bank Credit Should Be the Basis for Digital Currencies” Chinese Central Bank

A leading fintech official at the People's Bank of China points to the need for greater research into the development of digital currencies, referring...

Chinese Central Bank Applies for 63 Digital Currency Patents

The People's Bank of China (PBOC) has applied for a total of 63 patents in relation to digital currencies, as it pursues research into...

Chinese Communist Party Tightens Control of Banks with Internal Committees

The Chinese Communist Party will expand its influence over the banking sector with the official establishment of party committees at a slew of listed...

Over Half of Chinese College Grads Aspire to First-Tier Cities, 7116 Yuan Incomes

A new report indicates that the majority of China's upcoming crop of higher education graduates plan to move to one of the country's first-tier...

Yangtze River Delta at Core of Cash Compensations for Shantytown Overhauls, Housing Prices Driven Higher

The recent decision of the China Development Bank (CDB) to curb funding for shantytown overhaul projects has turned the spotlight on regional policies for...

Offshore Bond Issuance by Real Estate Companies Restricted to Debt Repayments

Beijing has indicated that funds raised by Chinese real estate companies via offshore bond issuance should be used primarily for debt repayments, as part...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...