Monthly Archives: January, 2019

PBOC’s Adjustment to Targeted Reserve Cut Could Unleash 77B Yuan

CBNEditor - January 3, 2019 0

The People's Bank of China (PBOC) has issued a new directive which loosens the benchmark for lenders to qualify for targeted cuts to the...

P2P Crackdown Could Cull 70% of China’s Online Lending Platforms, Spare Just 300 in 2019

CBNEditor - January 2, 2019 0

China's ongoing crackdown on risk in relation to internet finance could lead to a plunge in the number of active P2P lending platforms in...

Local Government Bond Issuance Approaches 4.17 Trillion Yuan in 2018

CBNEditor - January 2, 2019 0

New data points to nearly 4.17 trillion yuan in local government bond issuance for 2018, with Beijing releasing debt quotas for 2019 in advance...

Chinese Imports Drive 22.5% of Global Import Growth from 2012 – 2017: BNU Report

CBNEditor - January 2, 2019 0

A new study from one of China's leading universities claims that over the past five years Chinese import growth has driven nearly a quarter...

China’s Banking Regulator Hails Fintech’s Potential

CBNEditor - January 2, 2019 0

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has hailed the application potential of emerging forms of fintech such as...

Banks Set to Remain Major Force in Chinese Consumer Finance

CBNEditor - January 2, 2019 0

China's banks are retaining their clout in the country's consumer finance market amidst intensifying competition from newly approved consumer finance firms. Data from the Chinese...

Nearly 40% of Chinese Investors Willing to Bet on Cryptocurrencies in Future

CBNEditor - January 2, 2019 0

A new survey on the state of the cryptocurrency market in China has found that around 40% of respondents would be willing to invest...

PBOC’s Last Monetary Policy Meeting for 2018 Signals Greater Support for Real Economy

CBNEditor - January 2, 2019 0

The Chinese central bank has announced that it convened its final routine monetary policy meeting for 2018 on 26 December, to conduct analysis of...

PBOC’s New Financial Stability Chief Stresses Payments Risk, Comprehensive Statistics

CBNEditor - January 2, 2019 0

The newly appointed head of the Chinese central bank's financial stability department has a track record of pushing for heightened prevention of payments-related risk...

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