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Monthly Archives: April, 2019

Chinese Central Bank’s 2019 Research Conference Flags Further Rural Finance and Financial Inclusion Measures

The People's Bank of China's (PBOC) annual research conference for 2019 has signalled further measures to improve finance in rural areas as well as...

Mainland China Host to 8 of the World’s Leading Fintech Unicorns, Average Value 8x That of US Peers

The average value of China's fintech unicorns is at least eight times greater than the average value of North American fintech unicorns according to...

Foreign Purchases of China’s Distressed Debt Doubled in 2018

Foreign investors dramatically increased their acquisition of Chinese distressed debt last year, as domestic banks still struggle to contain bad loans in the world's...

Official Audit Data Points to Surging Bad Debt in Henan Province

A new report from China's National Audit Office (NAO) points to a worrying volume of non-performing loans amongst some regional lenders, with bad debt...

China Issues New Banking License for Nationwide Acquisition of Rural Lenders

The Chinese banking authorities have issued the first of a new type of rural banking license to one of the leading financial institutions in...

Beijing Categorises Bitcoin Mining as “Eliminated” Industry

The Chinese central government plans to officially including the mining of virtual currencies such as Bitcoin on its list of "eliminated" industries. On 8...

Chinese Central Bank Increases Official Gold Reserves for Fourth Consecutive Month

The latest data from the People's Bank of China indicates that China lifted its gold reserves for the fourth consecutive month in March. China's...

Shanghai Lixin University Teams up with New Jersey Institute of Technology to Launch Fintech Major

Two leading tertiary institutions in China and the US have teamed up to launch a new fintech major in Shanghai. The Shanghai Lixin University of...

Heilongjiang Province Uses Big Data to Help Farmers Obtain Finance via Mobile App

Heilongjiang province in north-eastern China is using big data and fintech to help resolve the financing challenges of rural farmers. Hit Big Data Group (哈工大大数据集团)...

State Council Flags More Targeted Reserve Ratio Cuts to Improve Financial Inclusion

The Chinese central government has indicated that further targeted cuts to the required reserve ratio lie ahead as part of efforts to facilitate the...

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