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Monthly Archives: December, 2018

Ping An Creates Online Fintech Ecosystem with 486 Million User Reach

One of China's biggest financial conglomerates has taken its cue from the country's internet giants to create a "digital ecosystem" with an online reach...

Beijing Launches Restrictions on Home Purchases, Air Flights over IP Breaches

New regulations launched by the Chinese central government could see citizens punished with downgrades in their social credit standing for breaches of intellectual property...

Local Financial Regulatory Department Signs Appear in Over 10 Chinese Provinces

New signs for local financial supervisory and regulatory departments have made a sudden and near-simultaneous appearance around China as part of reforms to better...

China’s Homebuyer Confidence Index Falls to Lowest Point in Nearly Two Years

New data points to a modest dip in pre-owned home prices in China last month, as well as a slide in the homebuyer confidence...

New Rules for Bank Wealth Management Subsidiaries Permit Direct Investment in Shares

New regulations governing the wealth management subsidiaries founded by Chinese banks promise to have a far-reaching impact upon the 20 trillion yuan bank wealth...

Does China’s Army of Fintech Start-ups Pose Systemic Risk?

A leading Chinese investor says the vast number of start-ups thronging the fintech sector poses a major risk that will prompt authorities to step...

UBS to Become First Foreign Bank to Obtain Full Control of Chinese Securities Firm

Swiss bank UBS has become the first bank in China to obtain approve from local authorities for majority ownership of its domestic securities joint-venture. The...

Consortium Loans by Chinese Banks Rise 8.87% to Hit 6.97T Yuan

Data from China's peak body for the banking sector points to robust growth in consortium loans by Chinese lenders, as well as called for...

PBOC Flags Heightened Fintech Regulation, Warns Tech Giants “Too Big to Fail” for Finance

Senior officials from the People's Bank of China (PBOC) are making increasingly frequent calls for stronger regulation of the country's burgeoning fintech sector, while...

Chinese Holdings of Overseas Securities Hit $518.3B at End of June

Official data indicates that Chinese holdings of overseas bonds and equities exceeded half a trillion US dollars as of the end of the second...

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