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Monthly Archives: September, 2018

Banking Regulator Says Chinese Fintech Has Entered High Risk Era

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has warned companies of the risks that attend the flourishing growth of...

Blockchain Decentralisation at Odds with Needs of Chinese Central Bank’s Digital Currency

An article published by the official media outlet of the Chinese central bank says that the decentralised nature of blockchain ledgers is contrary to...

Fintech Innovation and Entrepreneurship Competition Scheduled for October in Beijing

The 2018 Fintech Development Forum and Fintech Innovation and Entrepreneurship Grand Competition (2018金融科技发展论坛暨金融科技创新创业大赛) will be held in the Beijing technology hub of Zhongguancun in mid-October. The...

Big Data Report Points to 70% Surge in Chinese Telecoms Fraud in 2017

Telecommunications-based fraud in China saw a sharp rise last year according to a new big data report from the Chinese judicial authorities. The Telecommunications Network...

Local Government Debt Issuance Hits Two Year High on Special Bond Surge

Debt issuance by China's local governments has hit a two year high in terms of both scale and net financing amount as regional authorities...

Stanford University Hosts Sino-US Fintech Forum

The 2018 China-US Economist Fintech Innovation Forum (中美经济学家金融科技创新论坛) was recently held at Stanford University. Around 200 academics, economists and entrepreneurs took part in the event...

AI-Driven Fintech Market Expected to See Annual Growth of over 20%

The CEO of one of China's up-and-coming artificial intelligence firms is highly optimistic about the future prospects of the domestic fintech market. Zheng Bo (郑博),...

5000 Yuan Personal Income Tax Threshold Subject to Dynamic Adjustment in Future: MOF

The Chinese Ministry of Finance (MOF) says that the 5,000 yuan (approx. USD$732.05) minimum threshold for personal income tax will be subject to "dynamic...

China’s Outbound Foreign Investment Sees Near 30% Per Annum Growth for a Decade

A new report indicates that China has seen average per annum growth in outbound foreign investment of almost 30% for a decade-long period. The "China...

CBIRC Expected to Cut Senior Positions with Transfer of Vice-Chair Chen Wenhui

One of the Chinese banking regulator's senior-most officials has been transferred to the national social security fund according to domestic media reports, in a...

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