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Monthly Archives: August, 2018

China’s Balance of Payments Stable in Second Quarter: Forex Regulator

China's State Administration of Foreign Exchange (SAFE) said that preliminary data indicates the country's balance of payments remained stable in the second quarter of...

Suning and Huaxia Bank Team up on Blockchain, Fintech Development

One of China's biggest retail  conglomerates plans to cooperate with a leading joint-stock bank on blockchain and fintech development. China Economic Net reports that Zhang...

PBOC Issues Over $10 Million in Penalties to Two Payments Providers for Illegal Transactions

The People's Bank of China (PBOC) has issued out-sized fines to two major payments providers for providing payments services for illegal transactions. PBOC's Business Management...

Closure of China’s P2P Lenders Accelerates Since Start of Second Half

A new report on China's peer-to-peer (P2P) lending market points to the accelerated closure of online platforms since the start of the second half,...

Tencent Discusses Cloud Partnership with Google

Online titan Tencent has entered talks with US search giant Google on the provision of cloud services in China according to sources speaking to...

76 Chinese Investment Funds Liquidated Since End of June for 2.2 Closures Per Day

New data indicates that China's publicly offered funds have continued to post a woeful showing since the start of the second half. Figures from East...

China’s Banking Regulator Dials Down Risk Requirements for Debt-Equity Swaps

The China Banking and Insurance Regulatory Commission (CBIRC) is toning down its risk requirements in relation to debt-for-equity swaps, in a bid to alleviate...

Yields on Bank Wealth Management Products Drop to Nine Month Low

Yields on the wealth management products (WMP's) of Chinese banks have dropped to a nine month low following the launch of new asset management...

July Lending Expected to Reach 1.2 Trillion Yuan, M2 YoY Growth at 8.3%: State Media

Domestic analysts see credit extension for July posting a robust reading in the wake of looser monetary policy from Beijing according to a report...

Hangzhou Emerges as Leading Hub for Chinese Blockchain Sector

The picturesque lakeside city of Hangzhou has become one of the leading hubs for China's blockchain sector. Hangzhou, the capital of Zhejiang province, has long...

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