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Monthly Archives: January, 2019

Central SOE’s See Record High Profits of 1.7T Yuan in 2018

China's central state-owned enterprises (SOE's) posted record profit levels in 2018 despite easing economic growth, as Beijing continues to drive mixed-ownership reforms. At a...

China Accounted for Nearly 75% of Global Fintech Investment in 2018

Investors in China poured enthusiastically into the fintech sector in 2018 despite heightened scrutiny from central government regulators. Figures from Lingyi Data (零壹数据) indicate...

Bank of China First to Obtain Approval for Perpetual Bonds

Big four state-owned lender Bank of China (BOC) has become the first Chinese bank to obtain approval for the issuance of perpetual bonds under...

Chinese Central Bank Injects Record Single Day Liquidity on Wednesday

The People's Bank of China made a record injection of liquidity on 17 January 2019, prompting concerns about the country's economic fettle. The Chinese...

Bank of Communications Highlights Ten Key Chinese Fintech Trends for 2019

He Fei (何飞), a senior researcher with Bank of Communications, forecasts a range of major trends set to sweep the Chinese fintech sector this...

State Council Doubles Quota for Qualified Foreign Institutional Investors

The Chinese central government has doubled the investment quota for qualified foreign institutional investors (QFII). On 14 January the State Administration of Foreign Exchange (SAFE)...

P2P Platforms in Regular Operation Continue to Fall to Record Lows

The number of regularly operating peer-to-peer (P2P) lending platforms in China has continued to tumble to record lows at the end of 2018 amidst...

Chinese Automobile Sales Post Negative Growth for First Time in 28 Years

Car sales in China have posted their first negative growth reading for nearly three decades according to 2018 data from the country's peak automobile...

Total Social Financing in 2018 Hits 19.26T Yuan for YoY Decline of 3.14T

Data from the Chinese central bank points to a sizeable contraction in total social financing in 2018. According to preliminary data from the People's Bank...

Renminbi Loans Rise 16.17T Yuan in 2018, M2 Money Supply Expands 8.1% YoY

The Chinese central bank has just released data on credit and money supply growth for 2018. Data from the People's Bank of China (PBOC) indicates...

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