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Monthly Archives: March, 2019

China’s Insurance Market Will Be World’s Largest by 2030’s: Swiss Re Group

A leading reinsurance provider expects the Chinese insurance market to emerge as the world's largest within the next two decades following rapid ageing of...

Chinese Artificial Intelligence Research on Track to Converge with the US by 2020

A new report indicates that China's research endeavours in the field of artificial intelligence are fast approaching those of the United States, and set...

15 Chinese Banks Fined 7.5M Yuan as Wealth Management Infractions Targeted

The Chinese banking regulator has slapped over a dozen lenders with a slew of fines for regulatory infractions, focusing in particular upon wealth management...

China’s Central Bank and Foreign Exchange Authority Stress Targeted Disposal of Grey Rhino Risk in Key Sectors

The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have outlined focal areas for cooperative regulatory and policy work...

Online Financial Institutions Integrated into China’s Credit System

The Chinese central bank is pressing ahead with efforts to incorporate online financial institutions in the country's broader credit system. Chen Yulu (陈雨露), vice-governor of...

CBIRC Loosens Non-performing Threshold for Financial Inclusion Loans to Small and Micro-enterprises

The Chinese banking regulator has loosened up the non-performing threshold for small and micro-loans amidst broader efforts by Beijing to support financial inclusion in...

China’s Public-private Partnership Standards Become Tighter

The Chinese central government has further tightened its standards for public-private partnerships (PPP) with the release of a new directive that places key restrictions...

Beijing Launches Private Enterprise Growth Drive, Will Cut Taxes and Fees by Nearly 2 Trillion Yuan

The Chinese central government has signalled the launched of heightened measures to drive the growth of companies in the private sector in 2019. Liu Wei...

Top PBOC Researcher Says Central Bank Digital Currency Can Optimise Payments and Monetary Policy

The Chinese central bank's top digital currency researcher has hailed the potential for virtual currencies to improve both payment systems and monetary policy. In...

Complaints over Online Insurers Surge 121% in 2018: CBIRC

The China Banking and Insurance Regulatory Commission (CBIRC) reports a surge in complaints over online insurers in 2018. CBIRC's notice on 2018 insurance consumer...

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