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Monthly Archives: January, 2019

Beijing’s New Tax Cuts Expected to Save Chinese Small Businesses 200B Yuan

The Chinese central government has flagged new tax cuts which are expected to reduce the tax burden for small and micro-enterprises by approximately 200...

17 Chinese Cities Expected to Post 2018 GDP’s of over One Trillion Yuan

Analysts expect economic data for 2018 to reveal that the Chinese economy is host to a total of 17 cities with GDP's in excess...

Peak in Bond Repayments Expected to Put Pressure on Chinese Real Estate Firms

An approaching peak in scheduled bond repayments is expected to put considerable pressure on Chinese real estate firms in 2019 given ongoing high borrowing...

China Approves 14 Pension Target Funds Just as Market Valuations Bottom Out

An increase in the number of pension target funds on China's mutual funds market is expected to bring greater stability to shares. China recently gave...

NDRC Promises Chinese Economy Will Be Kept within “Rational Range”

A senior official from China's National Development and Reform Commission (NDRC) has said that the central government will ensure that the economy's performance remains...

China Merchants Bank Expands Use of Blockchain E-Invoices to Funds and Consumer Finance

One of China's leading commercial banks is expanding the scope of use of blockchain-based tax invoices. An executive from the Nanjing branch of China Merchants...

Alipay Behind South Asia’s First Blockchain Cross-border Remittance Service

A bank in Pakistan has adopted Ant Financial's blockchain-based solution to provide cross-border remittance services with Malaysia. Under a partnership between Pakistan's Telenor Microfinance Bank...

China Banking Association Outlines 10 Key Events for 2018

The peak self-regulatory body for China's banking sector has compiled a list of the ten biggest events affecting the industry in 2018. Pan Guangwei (潘光伟),...

JD Finance Sees Tech Revenues Surge, Valuation Exceeds 130B Yuan

JD.com's recently renamed fintech subsidiary has seen a surge in its tech-related revenues in 2018. Chen Shengqiang (陈生强), CEO of JD Data Science (京东数字科技), formerly...

Rise of Fintech Need not Cause Existential Crisis for Chinese Banks: CRIFS

A researcher from one of China's leading economic think tanks has hailed the potential for banks to collaborate with tech companies in the fintech...

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