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Monthly Archives: August, 2018

State Council Reiterates Opposition to “Flood-style Irrigation” of Chinese Economy

The State Council has reiterated its commitment to ensuring that China's financial sector better services real economy, as well as the avoidance of any...

China Construction Bank Fined After Personal Loans Used for Stock and Property Investment

The municipal branch of one of China's big four state-owned banks has incurred a significant fine from the local banking regulator after funds obtained...

China’s Cryptocurrency Crackdown Set to Further Intensify

Sources close to regulators say that China's crackdown on cryptocurrencies and initial coin offerings (ICO's) is set to further intensify following following to closure...

Tencent Shuts Cryptocurrency Media Accounts on WeChat

Chinese internet giant Tencent has permanently shut a slew of blockchain and cryptocurrency-related media accounts on its massively popular WeChat messaging platform. Tencent said that...

Online Insurer ZhongAn Teams up with Japan’s SoftBank for Overseas Expansion

Chinese online insurer ZhongAn Online P&C Insurance C., Ltd. has announced the execution of shareholder agreement between subsidiary ZhongAn International and Japan's SoftBank Vision...

Chinese Central Bank Says It Won’t “Irrigate” the Economy

The People's Bank of China (PBOC) flagged the maintenance of comparatively moderate monetary policy at a recent press conference. At a routine policy press conference...

China’s Statistics Bureau Says Days of Fake Data are Over

The head of China's National Bureau of Statistics says that the figures it produces are now trustworthy and comparable to international levels of quality,...

Chinese Central Bank Plans to Restore Provincial Branches in Structural Overhaul

The People's Bank of China (PBOC) plans to implement a far-reaching overhaul of the nationwide management structure that has been in existence for two...

Beijing Could Slash Risk Weighting of Local Government Debt to Zero

The Chinese government hopes to boost the appeal of local government bonds to banks by means a sharp reduction in their risk weighting, amidst...

Beijing, Guangzhou and Shanghai Host to China’s Lowest First Home Loan Rates

The mega-cities of Beijing, Guangzhou and Shanghai are amongst the Chinese urban centres posting the lowest first home loan rates in July, despite an...

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