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Monthly Archives: November, 2018

Ant Financial Says Blockchain Will be Widely Applied on China’s Double 11 Shopping Day

The world's biggest fintech company says that it will make widespread use of blockchain technology on China's Double 11 online shopping day in order...

China’s Social Security Funds Post Surplus of Nearly 980 Billion Yuan in 2017

China's social security funds saw a surplus of almost 980 billion yuan in 2017 according to the latest data from the Ministry of Finance...

Combating Financial Sector Risk Will Be Painful: PBOC’s 2018 Financial Stability Report

The Chinese central bank's financial stability report for 2018 says that curbing risk in China's finance sector will be a source of considerable short-term...

Chinese Credit Cards See “Great Leap Forward” Since Start of 2017

The number of credit cards issued by banks in China has seen an abrupt surge since the start of 2017 according to data from...

Shenzhen Targets Risk in Relation to Local P2P Lending Platforms

The Shenzhen municipal authorities are stepping up their crackdown on risk in relation to P2P lending platforms. On 31 October the Shenzhen Municipal Internet Information...

PBOC Debuts Risk Ratings of Chinese Financial Institutions

The Chinese central bank has publicly released its risk ratings of Chinese financial institution for the first time ever. On 2 November the People's Bank...

24 Real Estate Firms See 100B Yuan in Sales in 2018, Sector Debt Financing Exceeds 420B

A new report indicates that China's real estate companies are on track to see a bumper year in sales despite the ongoing implementation of...

Private Enterprise and Private Entrepreneurs Are Our Own People: Xi Jinping

President Xi Jinping has flagged emphatic support for Chinese private enterprise during a speech delivered at the Great Hall of the People at the...

China’s Problem-Beset P2P Lending Platforms Continued to Rise in October

A new report points to ongoing increases in both P2P transaction levels and problem-afflicted online lending platforms in China. The "2018 October National P2P Online...

China Launches Self-regulatory Proposal for Blockchain Sector

The Trusted Blockchain Initiative (可信区块链推进计划)  (TBI) has just released China's first self-regulatory proposal for the domestic blockchain sector. TBI unveiled the "Blockchain Sector Self-regulatory Proposal"...

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