Wednesday, January 20, 2021

Monthly Archives: June, 2018

Chinese Financial Regulators Says Stock Collateral Risk is Under Control

In a rare move from China's regulators three of the country's top financial authorities have issued simultaneous statements seeking to assuage concerns about risk...

Bank of England Frets Over China’s Massive Credit Binge

The UK central bank has warned of the potential for the Chinese economy to suffer a "hard landing" as a result of unrelenting credit...

Alipay Uses Blockchain to Provide Cheaper International Money Transfers

Chinese fintech giant AliPay has launched a blockchain-driven system for international money transfers that promises to dramatically reduce the cost of overseas remittances. AliPay has...

Guangzhou Launches China’s First Blockchain-driven Tax Invoice System

China has just seen the launch of its first blockchain-based tax invoice system in the Guangdong province capital of Guangzhou, as regulators turn to...

“State Support Essential to the Development of China’s Fintech Sector”

Members of China's fintech sector have stressed the importance of state support at an industry conference held in the Guangdong province capital of Guangzhou,...

Beijing Plans Fund to Support Development of China’s Industrial Internet

The Chinese central government is planning to launch a raft of new policies to support the development of the country's "industrial internet" and greater...

Online Lending Platforms in China Fail to Satisfy Information Disclosure Demands

China's online lending platforms are failing to satisfy the stricter requirements launched by regulators  last year with respect to information disclosures. In August 2017 the...

PBOC Research Head Calls for Shift Towards Price-based Monetary Policy

The head of the Chinese central bank's research department has published new working paper recommending further reductions in the required reserve ratio in order...

PBOC Unleashes 700 Billion Yuan with Targeted Reserve Ratio Cut

The Chinese central bank has implemented another targeted reduction of the required reserve ratio, unleashing around 700 billion yuan (approx. USD$140 billion) in liquidity...

China Can Better Deal with External Shock Due to Drop in Trade Dependence: PBOC

China's central bank says that the country's economy is in a far better position to withstand external shocks that could arise from trade disputes...

Most Read

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...