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Monthly Archives: April, 2019

First Home Loan Rates Decline for Fourth Consecutive Month in China, Drop Back to Year-long Low

National average first home loan rates in China fell for the fourth consecutive month in March to a near year-long low. The latest data...

Property Sector a “Minefield” for Non-performing Debt: China Orient Asset Management Report

A new report on China's non-performing debt from one of the country's big four asset management companies highlights risk in relation to the property...

Financial Stability and Development Committee Should Establish Innovation Centre for Fintech Sandboxes: CASS

One of China's leading think tanks has called for the country's top financial authority to establish a coordinating body for running fintech "regulatory sandboxes." Hu...

China’s Mobile Payments Penetration Rate Highest in the World at 86%: PwC Report

China is currently the world leader in terms of mobile payments penetration according to a new report from consultancy PwC. According to PwC's Global...

China’s High-net worth Individuals Hit 1.47M, Personal Investible Financial Assets Reach 147T Yuan

A new report indicates that the number of high-net worth individuals in China is fast approaching one and a half million. The "China Private...

Chinese Banks Line up to Use Perpetual Bonds for Capital Supplementation

Chinese banks are turning to the issuance of perpetual bonds as a channel for refinancing in increasing numbers, even since the debut release of...

Beijing Promises Harsh Punishment for “Taolu” Loans Targeting the Elderly via Online Platforms

The Chinese central government has launched new measures directed at "taolu (routine) loans" that target elderly citizens and other vulnerable members of society, oftentimes...

Top Think Tank Says Fintech Essential to China’s Financial Supply-side Structural Reforms

The head of one of China's top economic think tanks has outlined the six major "directions" for the country's financial supply-side structural reforms. Li Yang...

“Fintech Is Driving Upgrade in Consumption, Let Social Credit Become Consumer Asset”: PBOC’s Official News Outlet

The official news outlet of the Chinese central bank has hailed the ability of fintech to drive "upgrades" in consumption by leveraging China's social...

Average Annual Salary at China’s Big Four Banks Exceeds 260,000 Yuan

Average salaries at China's big four state-owned banks have surpassed the quarter million yuan threshold, yet levels of remuneration for senior executives lag far...

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