Monthly Archives: March, 2019

Chinese Mobile Payments Surge 61.19% YoY in 2018: PBOC Report

CBNEditor - March 20, 2019 0

A new report from the Chinese central bank on the domestic payments sector points to surging growth in mobile payments in 2018. The "2018...

China Construction Bank President Wang Zuji Set to Resign, Chongqing Vice-mayor Liu Guaping Tipped to Succeed

CBNEditor - March 20, 2019 0

The head of one of China's big four state-owned banks is set to depart from his position, with a senior official from the central...

Supply-side Structural Reforms in Chinese Finance Sector to Drive Growth in Smaller Institutions

CBNEditor - March 19, 2019 0

A leading domestic think tank says Beijing's recent emphasis on supply-side structural reforms in the finance sector signals greater support for smaller institutions that...

Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan

CBNEditor - March 19, 2019 0

A new report from the Chinese central bank on the domestic payments points to an ongoing rise in per capita bank card ownership. The "2018...

Chinese Shadow Banking Sector Declines for First Time in over a Decade

CBNEditor - March 19, 2019 0

Research from Moody's indicates that in 2018 the Chinese shadow banking sector posted its first contraction in over a decade, bringing it to below...

China Host to Nearly 230,000 Banking Outlets, Basic Financial Services Accessible in 97% of Villages

CBNEditor - March 18, 2019 0

A new report on China's banking sector indicates that the total number of banking outlets is fast approaching 230,000, while access to financial services...

China’s Electric Car Sales up 98.9% YoY for First Two Months of 2019

CBNEditor - March 18, 2019 0

Sales of electric cars in China have surged since the start of 2019 despite the poor performance of Chinese automobile market in general. Data...

Shenzhen Metro System Teams up with Tencent to Launch Blockchain-based Electronic Invoices

CBNEditor - March 18, 2019 1

The Shenzhen Metro system has just launched China's first blockchain-based electronic fapiao (invoice) system for an urban rail network. China's first urban transit blockchain...

Municipal Banks in China Must Specialise, Focus on Private Enterprise and Financial Inclusion: Bank of Zhengzhou Head

CBNEditor - March 18, 2019 0

The chief of one of China's leading municipal commercial banks says it and its peers need to specialise in order to survive in the...

Ping An’s Patent Applications Surge 400% in 2018, Fintech Innovations Predominate

CBNEditor - March 18, 2019 0

Chinese insurance giant Ping An Insurance has reported a surge in the number of patents it applied for 2018, with fintech-related areas accounting for...

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