Friday, May 17, 2024

Yearly Archives: 2018

Funds Outstanding for Foreign Exchange Fall 57.1B Yuan in November

Data from the Chinese central bank points to a decelerating decline in funds outstanding for foreign exchange in November. Funds outstanding for foreign exchange stood...

CCB Opens Its Own University in Beijing

One of China's big state-owned banks has launched its own university in Beijing. On 17 December the China Construction Bank (CCB) announced the official establishment...

Chinese Central Bank Undertakes 180B Yuan in Reverse Repos on 19 December

The People's Bank of China has continued to undertake reverse repos on 19 December after breaking a protracted absence from operations earlier int he...

Chinese Central Bank Says Fintech Can Raise Quality and Efficiency of Payments

The head of the Chinese central bank's tech department has highlighted the benefits that fintech  can bring to China's payments sector. In an article written...

China Mobile Launches Fully Invested Fintech Subsidiary

State-owned telecommunications giant China Mobile has announced the launch of its own fintech subsidiary. The sign unveiling ceremony for China Mobile's fully invested subsidiary China...

Chinese Central Bank Undertakes 160B Yuan in Reverse Repos After 36 Trading Day Absence

The People's Bank of China (PBOC) broke its protracted absence from reverse repo operations on Tuesday in a bid to keep banking sector liquidity...

Chinese Mutual Funds Capsize in Record Numbers Amidst Shadow Banking Crackdown

Beijing's ongoing crackdown on the shadow banking sector has led to an unprecedented number of mutual fund closures in 2018. Over 600 funds in China's...

China’s Internet Wealth Management Index Falls for First Time in Five Years, Posts 19% YoY Drop

A key index covering the performance of the online wealth management sector in China has posted its first decline in half a decade. The latest...

Local Government Bond Issuance for 2018 Set to Hit 4.3T Yuan

Total local government bond issuance in China is expected to reach around 4.3 trillion yuan for full year 2018 following sharp decline in volumes...

China Construction Bank Applies Fintech to Smart Car Park Payments in Gansu Province

China Construction Bank (CCB) is using fintech to increase the ease and convenience of car park payments for patrons. CCB teamed up with Haifa Tingche...

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