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Monthly Archives: October, 2018

State Media Says China’s Tech Giants Are Shying away from Finance

China's incumbent online giants are abandoning efforts to expand directly into the financial sector themselves, to focus instead on the provision of technical services...

Chinese Central Bank Cuts Required Reserve Ratio to Support Economy

The People's Bank of China (PBOC) has announced a further reduction in the required reserve ratio in a bid to reduce financing costs and...

Ex-Banking Official Highlights Defects of China’s Diffuse Financial Regulatory System

A former vice-chair with the China Banking Regulatory Commission (CBRC) said that the rapid changes in China's financial sector have made prevailing forms of...

Belt and Road Brings Huge Growth Opportunities for International Banks: Citibank

A Citibank China exec says Beijing's Belt and Road initiative has brought huge opportunities to international banks during the past five years of development. Yuan...

China’s Banking Regulator Produces First Ever Financial Inclusion White Paper

The China Banking and Insurance Regulatory Commission (CBIRC) is drafting the first ever "China Financial Inclusion Development Report" (中国普惠金融发展情况报告) which provides an account of...

Alibaba Cloud Outlines Its Vision for the Future of Fintech

A senior financial services exec at Alibaba Cloud says that microservices and collaboration with banks will be core parts of the future of Chinese...

Shenzhen-based Fintech Company Samoyed Financial Files for USD$80m Stateside IPO

Shenzhen-based fintech firm Samoyed Financial has filed for an initial public offering in the United States with a view to raising USD$80 million. According to...

Publicly Offered Bank Wealth Management Products Allowed to Invest in Chinese Stocks

New rules on China's bank wealth management products (WMP's) will allow the proceeds from publicly offered instruments to be indirectly invested in the domestic...

Chinese Cryptocurrency Traders Continue to Dodge Official Controls

Cryptocurrency traders in China will continue to find ways to dodge the increasingly strict controls applied by financial authorities unless Beijing implements a complete...

Chinese Central Bank Stresses Vigour and Pace of Structural Deleveraging

The People's Bank of China (PBOC) has said it will focus on the "vigour and pace" of China's structural deleveraging efforts. In a statement released...

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