Sunday, May 5, 2024

Monthly Archives: April, 2019

PBOC Reports Rumours of April Fool’s Day Reserve Cut to Public Security Authorities

The People's Bank of China (PBOC) has denied reports claiming that it reduced the reserve ratio on the first of April. On 2 April...

Fullerton Fund Management’s WOFE First to Grab Approval for Investment Advisory Services in China

Singapore's Fullerton Fund Management has announced that its wholly foreign-owned enterprise (WFOE) in China has obtained approval from regulators to engage in onshore investment...

Renminbi’s Share of Global Foreign Reserves Hits Record High

New data indicates that the Chinese renminbi's share of the official foreign reserves held by central banks around the world has risen to an...

HSBC Uses Voltron Blockchain Platform for Letter of Credit Wool Transaction Between Australia and China

Banking giant HSBC has made use of blockchain-based platform to facilitate a Letter of Credit (LC) transaction between clients situated in Australia and China....

Minsheng Bank Sees Direct Banking Customers Exceed 19 Million as It Positions Itself as Fintech Lender

Chinese commercial lender China Minsheng Bank has seen its direct banking clients breach the 19 million threshold as it seeks to position itself as...

Chinese Central Bank Chief Calls for Further Opening of Financial Sector

The head of the People's Bank of China (PBOC) has called for a range of measures to further open up the Chinese financial sector...

Chinese Bonds on Track for Inclusion in More Global Indices

Domestic analysts expect a broader range of Chinese bonds to soon be included in a greater number of overseas indices following their incorporation into...

Central Cyperspace Affairs Commission Unveils China’s First Batch of Registered Blockchain Projects

One of China's top internet regulators has released its first list of registered blockchain projects, revealing the heavy representation of domestic tech giants and...

Shenzhen and Guangzhou Top List of China’s Fastest Growing Cities in 2018

The Cantonese mega-cities of Shenzhen and Guangzhou have topped the list of Chinese cities with the fastest growing populations in 2018. According to a report...

Beijing Opens China’s Pensions Sector to Foreign-invested Insurer

China's insurance regulator has allowed a foreign invested insurer to enter the domestic pensions sector for the first time. The China Banking and Insurance Regulatory...

Most Read