Monthly Archives: August, 2018

China’s P2P Crackdown Drives Exodus of Talent to Blockchain Sector

CBNEditor - August 6, 2018 0

Financial professionals fleeing from a crackdown on China's P2P online lending sector are choosing to seek their fortunes in the country's booming blockchain industry. The...

PBOC Launches 20% Reserve Requirement for Forex Settlement to Quell Unsteady Yuan

CBNEditor - August 6, 2018 0

The Chinese central bank has announced that banks will need to maintain reserves equal to 20% of the foreign exchange forward positions of their...

China Takes Second Place for Global Fintech Investment in First Half of 2018

CBNEditor - August 2, 2018 0

China ranked second in the world for fintech investment in the first half of 2018 according to a new report from KPMG. The KPMG Pulse...

State Media Outlines Six Key Signals of Chinese Politburo’s Latest Economic Work Meeting

CBNEditor - August 1, 2018 0

State-owned media has highlighted a slew of key policy signals sent by the latest economic meeting of the Chinese Communist Party's (CCP) Politburo. The CCP...

Five Chinese Cities Restrict Housing Purchases by Companies, Beijing Expected to Follow Suit

CBNEditor - August 1, 2018 0

Five of China's major cities have imposed restrictions on the purchase of housing by companies, amidst the broader implementation of real estate market controls...

Chinese Mobile Payments Transactions Exceed $5.87 Trillion

CBNEditor - August 1, 2018 0

A new report indicates that China's mobile payments transactions have breached the 40 trillion yuan (approx. USD$5.87 trillion) threshold for the first time, leading...

Ant Financial’s Mammoth Scale Unsettles Chinese Banks

CBNEditor - August 1, 2018 0

The roaring growth of Alibaba's fintech spinoff has caused alarm in China's banking sector as well as consternation for the country's financial regulators. Ant Financial...