Wednesday, May 15, 2024

Monthly Archives: September, 2018

Justin Lin Says Chinese Economy Has “Extremely Strong” Potential, Forecasts 6% Growth in Future

One of China's leading economic experts points to the "extremely strong" growth potential of the country's economy despite escalating Sino-US trade tensions, due to...

Beijing Cracks Down on Real Estate Information Provided Online

Beijing's housing authorities have removed all online information provided by two municipal real estate agencies amidst efforts to standardise and improve the quality of...

China Will “Comprehensively” Open up Financial Sector: Central Bank Chief

The head of the People's Bank of China (PBOC) has reiterated Beijing's commitment to opening up of the Chinese financial sector in a recently...

Alipay Teams up with UnionPay as Beijing Cuts Ties Between Payments Sector and Banks

The world's largest mobile payments platform and the world's largest card payment organisation have entered a new cooperative partnership. Alipay and China UnionPay have executed...

CITIC Set to Launch First Consumer Finance Firm Involving Trust Company

CITIC Trust has obtained approval from regulators for the launch of a new consumer finance company, marking the first foray by a Chinese trust...

428.75 Billion Yuan in Special Bonds Issued by Local Governments in August

China's local governments issued 428.75 billion yuan in special bonds in the month of August according to the latest data from the Ministry of...

China’s Big State-owned Banks Tout Fintech Endeavours

The mid-year financial reports of China's big state-owned banks point to heightened efforts to use the latest fintech applications to improve business operations. Bank of...

Chinese Home Prices Post Fastest Growth in Nearly Two Years

Chinese home price growth has accelerated to its fastest rate in nearly two years, as Beijing launches economic support measures amidst escalating Sino-US trade...

Geely Holding Group Acquires 51.5% Stake in Saxo Bank to Drive Fintech Expansion

Chinese automobile manufacturer Geely has acquired a majority stake in Danish investment bank Saxo Bank as part of efforts to expand into the fintech...

Beijing Wants Debt-Asset Ratios of SOE’s to Drop 2 Percentage Points by 2020

The Chinese central government has issued a new directive calling for a marked reduction in the debt-asset ratios of China's state-owned enterprises (SOE's) by...

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