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Monthly Archives: August, 2018

Chinese Real Estate Investment up 10.2% YoY for January-July

The latest official data points to an accelerating rise in nationwide real estate development investment in China for the first seven months of 2018. Figures...

Yields on Bank Wealth Management Products Hit New Low for 2018

Yields on the wealth  management products (WMP's) of Chinese banks have fallen to a record low for 2018, following the launch of new asset...

Bad Loans of Chinese Banks Post Biggest Rise in over a Decade

The non-performing loans (NPL's) of Chinese banks saw a sharp surge in the second quarter following the launch of new rules for categorising soured...

11 Chinese Financial Institutions Fined $1.55 Million over Money Laundering Breaches

At least 11 Chinese financial institutions have incurred fines for failure to properly undertake money laundering work during the period from 1 - 10...

“Do Not Superstitiously Believe that Real Estate Can Drive the Economy:” State Media

One of China's leading state-owned economics publications has warned against the "superstitious belief" that real estate can continue to serve as a primary driver...

Beijing Outlines 10 Strategies for Dealing with Beleaguered P2P Lending Sector, Bans New Platforms

The Chinese government has unveiled a raft of measures to deal with the country's trouble-plagued peer-to-peer (P2P) lending sector, in the wake of a...

Shenzhen Restaurant Issues China’s First Blockchain-based E-Fapiao

The Shenzhen tax authorities have teamed up with online giant Tencent to help issue China's first blockchain-based electronic "fapiao" invoice. On 10 August a restaurant...

China’s Information Consumption Market Set to Hit 6 Trillion Yuan by 2020

The central government hopes to drive surging growth in China's information consumption sector over the next several years. China's Ministry of Industry and Information Technology...

Alibaba and Suning Grab Stakes in Huatai Securities Amidst Fintech Push by China’s Brokerages

Online titan Alibaba and retail giant Suning have emerged as key strategic investors in Huatai Securities, as China's brokerages increasingly turn to fintech to...

China Construction Bank Says Fintech Paves the Way for Financial Inclusion

The vice-head of one of China's big four state-owned banks says that fintech will play a vital role in driving the country's efforts to...

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