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Monthly Archives: November, 2018

14 Chinese Provinces Have Raised Minimum Wages in 2018

At least 14 province-level administrative entities in China have made upwards adjustments to their minimum wage levels since the start of the year. According to...

Private Sector Accounts for over 60% of Economy Yet Just 25% of Bank Loans: CBIRC Head

The party secretary of the Chinese central bank and head of the China Banking and Insurance Regulatory Commission (CBIRC) has robust targets to drive...

Third Party Payments Licenses See Prices Drop 50% in Six Months

The going price for  third party payment licenses in China have halved in the space of a year as regulators step up their pressure...

PBOC Fires “Three Arrows” to Drive Funds Towards Private Enterprise

The Chinese central bank has highlighted a trio of policy measures for driving funds towards private enterprise and helping to ease the financing difficulties...

Hangzhou Plans to Create China’s First “Fintech County” in the Binjiang District

The Zhejiang-province capital of Hangzhou has unveiled plans to establish China's first "fintech county" in the district of Binjiang. The Binjiang District Development and Reform...

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform

A consortium of twelve banks including HSBC and Standard Chartered have teamed up with the Hong Kong Monetary Authority (HKMA) to launch a new...

PBOC to Support Equity Financing by Private Enterprise with “Initial Guidance Capital”

The head of the Chinese central bank has flagged further measures to support equity financing by private enterprise as well as combat risk in...

China Construction Bank Uses Blockchain to Ensure Rural Migrant Workers Receive Salaries

One of China's big four state-owned banks is turning to the use of blockchain technology to help ensure that rural migrant workers in Guangdong...

Chinese Central Bank Highlights Limitations of Blockchain Technology for Financial Purposes

The People's Bank of China has just released a new working paper on the capabilities and limitations of blockchain technology for economic and financial...

China’s Venture Capital Market Continues to See Robust Growth

China's venture capital market is continuing to see healthy growth as government-backed funds push for investment in key priority sectors. The "China Tech Finance Ecosystem...

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