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Monthly Archives: March, 2019

Don’t Stigmatise Shadow Banking as a Delinquent Child: Chinese Academy of Fiscal Sciences Chair

One of China's leading economists has called for great nuance and tact from regulators when dealing with the shadow banking sector, while also pointing...

Chinese Central Bank Says Transit the Focus for Mobile Payments Expansion in 2019

A senior official from the People's Bank of China (PBOC) says that urban transit systems will be the focal area for the deployment of...

Returns on Structured Deposits Drop to 4.21% as China’s Banking Regulator Targets Bills Arbitrage

Returns on structured deposits have seen a marked decline in February as China's financial regulators flag heightened scrutiny of bills arbitrage following a surge...

Shenzhen’s Economy Eclipses Hong Kong’s

The economy of the Guangdong manufacturing and tech hub of Shenzhen exceeded that of Hong Kong's for the first time in history in 2018....

Local Government Bond Issuance Exceeds 770B Yuan for Jan/Feb, on Track to Surpass 1 Trillion in First Quarter

The latest data from provincial authorities points to the issuance of over 770 billion yuan in local government bonds over the first two months...

Ant Financial’s New Blockchain Subsidiaries to Focus on Supply Chain Financing, Cross-border Remittances

Domestic observers expect the two new blockchain subsidiaries launched by Chinese fintech giant Ant Financial to focus on areas including supply chain financing, cross-border...

Chinese Central Bank Wants Stronger Prudential Regulation of Real Estate Finance

The People's Bank of China (PBOC) has called for heightened prudential regulation of real estate financing. The Chinese central bank's financial market work conference...

83% of Chinese Unicorns See more than 50% Rise in Enterprise Revenues: PwC

A new report on China's unicorn points to surging growth in revenues and the heavy representation of fintech and e-commerce. The report from PricewaterhouseCoopers conducted...

Chinese Bankers Want More Active Fiscal Policy, Over 60% Say NPL’s the Biggest Risk: Survey

A new survey has found that Chinese bankers approve of the country's monetary policy settings yet would prefer more active fiscal policy from Beijing....

China Host to 4588 Banking Sector Financial Institutions, over 230,000 Physical Bank Branches

Official data indicates that there are currently over 4500 banking sector financial institutions operating in China. The latest list of legal person banking sector...

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