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Monthly Archives: December, 2018

Foreign Reserves Will Suffer if Renminbi Falls Below Seven to the Greenback: PBOC Adviser

A senior adviser to the People's Bank of China (PBOC) says that the yuan should not be allowed to drop beneath the threshold of...

Ant Financial Developing Blockchain for Institute of Electrical and Electronics Engineers

Ant Financial is leading the development of the first financial standard blockchain for the world's largest professional technical organisation. On 13 December Ant Financial announced...

China Banking Association Highlights Changes Wrought by Digitisation

A senior figure from the peak body for the Chinese banking sector has highlighted the immense changes sweeping the industry amidst an ongoing wave...

Ant Financial Uses Consortium Blockchain to Process Insurance Claims in Seconds

Ant Financial's Alipay has just launched a new blockchain-based invoicing system that permits the processing of insurance claims in a matter of mere seconds. According...

China’s Banking Sector to See 6.8% Profit Growth, NPL’s Under 2% in 2019: BoC

Bank of Communications has just released a new research report predicting a sound performance on the part of the Chinese banking sector in 2019. The...

Hong Kong-China ETF Connect Initiative Runs Aground on “Technical Issues”

Plans to launch an ETF Connect scheme between Hong Kong and mainland China have been put on hold indefinitely due to "technical issues" according...

China and the UK Pursue Greater Fintech Collaboration

China and the UK hope to expand cooperation in the fintech sphere with the launch of a collaborative industry conference in London. The inaugural China-UK...

CASS Says China’s Real Estate Tax Should not Apply to Untransacted Homes

Researchers from  the Chinese Academy of Social Sciences (CASS) have called for regulators to refrain from applying a real estate tax to residential property...

New RMB Loans up 79% in November, Total Social Financing Rises 9%

The latest official data from the Chinese central bank points to a robust credit extension in November as Beijing endeavours to prime the economy...

First Home Loan Rates Flatten After 22 Consecutive Months of Increase

First home loan rates in China have reached the end of a protracted run of nearly two years in month-on-month increases. According to a new...

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