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Monthly Archives: August, 2018

Joint-stock Banks Lead Founding of Fintech Subsidiaries

A new report on fintech subsidiaries in China's banking sector points to the leading role played by the country's joint-stock lenders. The report from Wacai...

China’s Third Party Payments Sector Sees Boom in Cross-border Transactions

China's third party payments sector has seen a surge in the volume of cross-border transactions, with industry observers expecting robust growth going ahead as...

“China is Globalisation’s Biggest Winner, Sino-US Trade War Unavoidable”

A leading Chinese economist says that the current Sino-US trade war was unavoidable given the far-reaching impacts of nearly half a century of globalisation. An...

Big State-owned Banks Post Steady Profit Growth on Thicker Margins

China's big state-owned banks saw steady growth in profits last quarter, as Beijing's ongoing deleveraging campaign led to tighter liquidity conditions. Four out of the...

Established Banks Turn to Internet Giants as Fintech Competition Intensifies

The Chinese banking sector is seeing a wave of co-operation with the country's increasingly powerful online giants in a bid to shore up their...

Over Two Thirds of Central State-owned Enterprises under Mixed Ownership

Beijing is accelerating its mixed-ownership reforms of central state-owned enterprises with a third batch of trial companies currently awaiting approval. Over two-thirds of China's central...

China’s Top 500 Private Enterprises Revealed, Manufacturing Still Dominates

The latest list of China's top 500 private enterprises indicates that the tertiary sector has increased its share of entrants for the fifth consecutive...

CBIRC Shifts Focus from Shadow Banking to Online Finance, Real Estate, NPL’s and Hidden Debt

China's banking and insurance regulator is shifting its focus from interbank lending, wealth management products and off-balance sheet activity towards online finance and hidden...

Chinese Economy Posts 12th Consecutive Quarter of 6.7 – 6.9% GDP Growth

The Chinese government has hailed the success of efforts to curb financial risk after the economy posted its 12th consecutive quarter of 6.7 -...

Telecoms Operators at Core of China’s Biggest Ever Case of User Data Theft

Authorities in the Zhejiang province city of Shaoxing say they have just cracked China's biggest ever case of user data theft, with corporate hackers...

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