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Monthly Archives: February, 2019

Returns on P2P Loans Set to Weaken as Chinese Regulators Step up Pressure

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Average returns on peer-to-peer loans in China are expected to remain weak as Beijing continues to crack down on internet lending. The Chinese central government...

Shanghai Launches Blockchain Research Centre at Fudan University

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Shanghai has seen the launch of a new blockchain research institute at one of China's leading tertiary institutions. On 15 February the sign for...

Leverage Risk Concentrated amongst State-owned Enterprises, Local Government: Chinese Academy of Social Sciences

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One of China's leading think tanks has warned of the dangers of excessive leverage amongst state-owned enterprises (SOE) and local governments. Speaking at the 2019...

China’s Big State-owned Banks Expand to Six in Total

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The ranks of China's official big state-owned banks have seen an increase to six in total following the inclusion of the Postal Savings Bank...

Chinese Fintech App Downloads Breach 100 Billion, Exceed E-commerce Apps

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Fintech apps have emerged as one of the most downloaded apps on the Chinese market ahead of e-commerce apps. Data from the Ministry of...

Beijing Says 13.86 Million Chinese Lifted out of Rural Poverty in 2018

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Official data points to a sizeable decline in the number of Chinese living in rural poverty in 2018. Figures released by the National Bureau...

Chinese Banks Make Record-breaking 3.23T Yuan in Loans in January

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Chinese banks made a record-breaking volume of loans in the month of January as Beijing pushes for the financial sector to keep the economy...

New Foreign Invested Enterprises Drop over 10% in January

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Official data points to a modest YoY rise in the amount of foreign capital actually used in China last month, in tandem with a...

Ant Financial Acquires Full Ownership of British Payments Company WorldFirst

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Chinese fintech giant Ant Financial has acquired full ownership of London-based cross-border payments company WorldFirst. According to a report from Shanghai Securities Journal Ant...

People’s Bank of China Issues 20B Yuan in Central Bank Renminbi Bills via Hong Kong

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The People's Bank of China (PBOC) has auctioned 20 billion yuan ( approx. USD$3 billion) in central bank bills via Hong Kong, in move...
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