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Monthly Archives: November, 2018

Local Government Bond Issuance for Jan-Oct Exceeds 4 Trillion Yuan

Local government bond issuance in China for the first ten months of 2018 has exceeded 4 trillion yuan.  The period from January to October saw...

PBOC Is Intervening to Prop up Renminbi: US Council on Foreign Relations

Analysts from one of America's most influential foreign policy think tanks expect Beijing to expand support for the renminbi by selling off its immense...

Commercial Banks Must Support Cross-border Renminbi Usage: Bank of China

The head of one of China's big four state-owned banks says that internationalisation of the renminbi is proceeding apace, yet needs greater support from...

American Express on Track to Become First US Card Network to Crack Chinese Market

American Express is set to become the first US card network to garner approval for direct access to China's bank card market. On Friday the...

Japan’s Biggest Brokerage Enters MOU for Cooperation with China’s Biggest Bank

Nomura Holdings Inc announced on Friday that it has executed a memorandum of understanding (MOU) with the Industrial and Commercial Bank of China (ICBC)...

Alibaba Leads Establishment of “E-commerce Dishonest Conduct Punishment League” in Zhejiang

22 Chinese e-commerce and logistics companies including Alibaba, Kaola, Yunji, Meituan and SF Express have launched a new "e-commerce dishonesty punishment league" in Zhejiang...

Beijing Wants Anti-corruption “Human Surveillance Cameras” in Big State-owned Banks

The Chinese central government hopes to permanently install anti-coruption teams in the country's biggest financial institutions to serve as "human surveillance cameras." Zhao Leiji, head...

Blockchain Best Suited to Deployment in Banking Sector: Former China Construction Bank Head

The former head of one of China's big four state-owned lenders has highlighted the potential of blockchain technology in the banking sector. "It should be...

Ping An Insurance Plans to Invest USD$15B in Fintech and Medical Science Over Next Decade

Chinese insurance giant Ping An has flagged plans to dramatically increase its spending on fintech and medical research. Chen Xinying (陈心颖), COO, CIO and executive...

China Merchants Bank Launches Facial Recognition Payments for Enterprise App

One of China's leading commercial lenders has launched the use of facial recognition-based payments for its enterprise app. According to a report from Mpaypass.com.cn, China Merchants...

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