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Monthly Archives: September, 2018

First Home Loan Rates Rise for 20th Consecutive Month, Hit 5.69% in August

Rates for first home loans in China have just seen their 20th consecutive month of increase as regulators seek to contain the country's real...

Chinese Property Tax Expected by 2020 Following Inclusion in NPC Legislative Schedule

Analysts expect China's long-awaited property tax to be submitted as early as before the end of 2018 following its inclusion in the legislative schedule...

“Don’t Exaggerate Impact of Sino-US Trade War on Chinese Economy:” BOC Analyst

A leading Chinese analyst is downplaying the potential impacts of escalating trade tensions between China and the United States. Wang Youxin (王有鑫), a researcher from...

China Accounts for 60% of Asia’s Fab 50 Companies List from Forbes

Chinese companies continue to dominate the Asia's Fab 50 Companies List released annually by financial magazine Forbes. A record-breaking 30 Chinese companies feature on the...

Shenzhen Artificial Intelligence Start-up Founded by Ex-Con Draws $30mn Angel Investment

Bertelsmann Asia Investment and IDG Capital have led a USD$30 million angel investment in Chinese artificial intelligence and robotics start-up Ringle.AI despite the legal...

Chinese Central Bank Launches Trade Finance Blockchain Platform in Shenzhen

The application of blockchain to trade finance is expected to be one of the key focal areas for the new Shenzhen-based fintech term launched...

Loans to Small and Micro-enterprises Made Exempt from Value-added Tax

The central government has launched new measures to raise levels of financial inclusion on the part of Chinese lenders. China's Ministry of Finance and the...

WeChat Continues to Shut Blockchain and Cryptocurrency Social Media Accounts

WeChat has continued to shut accounts related to blockchain technology according to domestic media reports. Beijing News reports that a four more blockchain-related WeChat accounts...

China Poised to Take Global Lead in Big Data Risk Control: PwC Fintech Report

A new report on the fintech sector from PwC China points to big data risk control as a key area of future development. Over half...

Consumption Emerges as Primary Driver of Chinese Economy: Stats Bureau

The National Bureau of Statistics (NBS) is touting the emergence of consumption as a primary driver of China's economic growth four decades after the...

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