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Monthly Archives: November, 2018

Huaxia Bank Executes Cooperative Agreement with Huawei to Launch Fintech Innovation Lab

One of China's leading commercial lenders has entered an agreement with telecommunications giant Huawei for the launch of a joint R&D initiative. On 14 November...

First Home Loan Rates in China Rise for 22nd Consecutive Month in October

China's first home loan rates continued to see uninterrupted gains in October while prices remain stable, as regulators maintain strict market controls. The average first...

Bank of China to Invest 10B Yuan in Launch of Wealth Management Subsidiary

One of China's big four state-owned banks has unveiled plans to launch a new wealth management subsidiary. Bank of China (BOC)  plans to invest no...

Retail Investors Allowed to Purchase Local Government Bonds at Chinese Banks

The Chinese central bank has issued a directive that permits retail investors to purchase local government bonds from banks. On 15 November the People's Bank...

60% of Singles Day Payments Made Using Biometric Technology, Alipay Foresees Integration with IoT

China's latest record-breaking Singles Day sales event has marked the emergence of biometrics as the leading form of payment, with Alipay expecting its integration...

Mixed-ownership Reforms of State-owned Enterprises to Increase in Vigour and Depth: SASAC

Beijing has signalled that ongoing mixed-ownership reforms of China's state-owned enterprises are on track to increase in intensity. Weng Jieming (翁杰明), vice-chair of the State-owned...

Jinshang Bank Plans to Raise $600M via IPO in Hong Kong

Shanxi province-lender Jinshang Bank (晋商银行) plans to list on the Hong Kong Stock Exchange next year according to reports from China's domestic press. According to...

Chinese and Singaporean Central Banks Ink Agreement for Fintech Cooperation

Chinese Premier Li Keqiang's official visit to Singapore has resulted in the execution of two key deals between the countries' financial authorities. Li and Singporean...

Africa-China Banking Center Opens in Lagos

A new banking institution has opened in the Nigerian capital of Lagos that will provide Africa's financial sector with a direct link to China's...

Chinese Fintech Investment Leaps Nearly 10-fold in First Half of 2018, Hits Record Height in Second Quarter

Fintech investment in China has surged to unprecedented heights since the start of 2018 according to a new report from industry consultancy Fintech Global. Chinese...

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