Tuesday, April 30, 2024

Monthly Archives: November, 2018

Beijing to Categorise More Financial Institutions as Too Big to Fail

Beijing has indicated that they will categorise a greater range of the country's financial institutions as systemically important amidst broader efforts to curb financial...

Agricultural Bank of China Makes $300,000 Loan via Blockchain Technology

One of China's big four state-owned lenders has made use of the blockchain to extend a US-dollar denominated loan. The Agricultural Bank of China (ABC)...

Beijing Will Allow Foreign Banks in China to Amass More Debt from Abroad

The Chinese central government has announced that it will allow foreign banks operating in China to expand their levels of medium and long-term debt...

Tencent Teams up with Line Corp to Provide Cashless Mobile Payments in Japan

Chinese tech giant Tencent has entered a cooperative relationship with Line Corp. for the provision of cashless mobile payments services in Japan. The cooperative relationship...

China’s First Legal Person Direct Bank Sees Users Exceed 10 Million in a Year

The first direct bank in China that enjoys status as an independent legal person has seen its user numbers surge above the eight digit...

Chinese Central Bank Flags Stricter Regulation of Financial Holding Companies

The People's Bank of China (PBOC) says it will maintain strict regulation of financial holding companies, with an especial focus on entry standards, equity...

Investment in Bank WMP’s by China’s Listed Companies Hits Near 5-Year High

The purchase of bank wealth management products (WMP's) by listed companies in China has hit its highest level in nearly five years, despite ongoing...

PBOC’s Shanghai Branch Launches Measures to Support Private Enterprise and Tech Firms

The Shanghai branch of the Chinese central bank has launched new measures to support financing for local private enterprises and tech companies. On 22 November...

Shadow Banking Crackdown Curbs Systemic Financial Risk of China’s Biggest Banks

A crackdown on shadow banking launched by the China Banking and Insurance Regulatory Commission (CBIRC) over a year ago has led to a reduction...

China Commits over 500B Yuan in Bailout Funds for Private Enterprise

A report from Securities Daily estimates that China's local governments, brokerages and insurers have established or are planning to establish specialist bailout funds worth...

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