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Monthly Archives: July, 2018

Senior Chinese Banking Official Receives 16 Year Prison Sentence for Bribery

The former assistant chair of the erstwhile China Banking Regulatory Commission (CBRC) has received a 16 year sentence for receiving bribes, according to reports...

China’s Role as Global Fintech Leader Will Support Future Growth: IMF

The latest annual assessment of China’s economy by the International Monetary Fund (IMF) says that the country's role a global leader in new digital...

China’s GDP Could Be World’s Largest by 2030, Credit Growth Still Too Fast: IMF

The latest annual assessment of China's economy by the International Monetary Fund (IMF) sees growth remaining robust across the near-to-medium-term, while cautioning that credit...

Beijing Sheds Light on Plans for More Active Fiscal Policy

China's Ministry of Finance had provided further details on its plans for more active fiscal policy, as escalating trade tensions with the United States...

China Faces Severe Shortage of Fintech Talent, 85% of Employers Report Recruiting Difficulties

China's fintech sector suffers from a severe shortage of qualified professionals according to a new report from recruitment company Michael Page. According to Michael Page's...

Nanjing Launches $1.47 Billion Blockchain Investment Fund

The Jiangsu province capital of Nanjing has just launched a new 10 billion yuan (approx. USD$1.47 billion) blockchain investment fund that will drive application...

Revenues from Local Government Land Sales Surge 43% in First Half of 2018

Revenues reaped by China's local governments from land sales saw surging growth in the first half of 2018. Data from the Ministry of Finance indicates...

Issuance of Real Estate Asset-backed Securities in China Hits Record High in First Half

The issuance of asset-backed securities (ABS) by China's real-estate sector surged to unprecedented heights in the first half of 2018, as regulators cracked down...

Beijing Plans to Crack Down on Channeling Business by Fund Managers and Securities Firms

China's securities regulator intends to ban securities firms and fund managers from providing "channeling" services to banks that help them to sidestep investment controls. The...

Beijing Blockchain Startup Takes Over BitTorrent

Blockchain startup TRON has announced the acquisition of San Francisco-based P2P file sharing company BitTorrent. TRON, which has offices in both Beijing and San Francisco,...

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