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Monthly Archives: April, 2019

China’s Big Six Banks Still Face Asset Risk Despite NPL Ratio Improvements: Moody’s

China's big six banks will continue to grapple with asset risk in 2019 despite improvements to bad debt metrics last year according to a...

Chinese Central Bank Will Transform Yuan into Cryptocurrency: Blockchain Research Institute

The head of a leading blockchain think tank says that the People's Bank of China will eventually adopt measures to transform the renminbi into...

Over-the-counter Sales of Local Government Bonds Set to Increase as China’s Land Sale and Tax Revenues Drop

Domestic observers expect over-the-counter sales of local government bonds in China to see an increase following a sharp drop in other revenue streams. Figures...

Home Credit Emerges as China’s Most Profitable Consumer Finance Company in 2018

Home Credit rose from third to first place in terms of net profits amongst Chinese consumer finance companies in 2018. 2018 financial data for...

Actually Used Foreign Capital Rises 6.5% in First Quarter of 2019

Official data from the Chinese government points to a robust rise in actually used foreign capital for the first three months of the year....

China Accounted for Half of Global Digital Payments in 2017: Fintech Industry Report

A new report on China's fintech sector says that the Chinese market already accounts for nearly half of global digital payments. According to the report...

China Construction Bank Outlines 21 Fintech Demands

One of China's big four state-owned banks has released a new list of key needs that it sees arising in the country's fintech market...

Required Reserve Cut Seen as Less Likely After PBOC Unleashes 400B Yuan in Two Days

Domestic analysts say the likelihood of another cut to China's required reserve ratio in the near-term has fallen after the Chinese central bank released...

People’s Bank of China Plans to Become “Digital Central Bank,” Lead Accelerated Application of Fintech

The People's Bank of China (PBOC) has unveiled ambitions to become a "digital central bank," as well as further drive the application of fintech...

CBIRC Says Dealerships Cannot Collect Financial Services Fees Following Mercedes-Benz Scandal

China's top banking regulator has weighed in on a recent online scandal involving the alleged poor treatment of Mercedes-Benz's buyer at a dealership that...

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