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Monthly Archives: May, 2019

New Fintech Innovation Coordination Platform Launched in Beijing Draws 62 Members

A new platform for fostering cooperation on fintech innovation has just been launched in Beijing, drawing a total of 62 member organisations. The "2019...

Beijing Hopes to Channel over 1 Trillion Yuan in Funds towards China’s Real Economy

A slew of measures recently launched by the Chinese central government are expected to channel in excess of 1 trillion yuan in funds towards...

Chinese Regulators Target Smart Deposits, Structured Deposits

Chinese banks plan to bring an end to the sale of "smart deposits" following pressure from regulators concerned about lenders competing for funds via...

Zhuhai Seeks Greater Cross-border Fintech Cooperation with Hong Kong and Macau

The Guangdong province coastal city of Zhuhai is set to become a key channel for cross-border financial and fintechcooperation with the former Portuguese...

Green Finance in China Sees Roaring Growth, Beijing Flags Further Standardisation Efforts

China's ongoing push for expansion of the domestic green finance sector is proving successful according to official data. Chen Yulu (陈雨露), vice-governor of the...

Fourth Round of Mixed Ownership Reforms to Encompass 160 State-owned Enterprises, 2.5T Yuan in Assets

The fourth round of mixed-ownership reforms of China's state-owned enterprises (SOE) are set to involve at least 160 enterprises and more than 2.5 trillion...

PBOC and SAFE Commit to Keeping China’s Forex Market, Renminbi Exchange Rate Stable

The Chinese central bank and China's top foreign exchange authority have publicly committed to maintaining the stability of forex markets and the yuan exchange...

Baidu Becomes First Chinese Internet Giant to Obtain License for Consumer Finance Operations

Baidu's finance affiliate Du Xiaoman Financial is expanding into the consumer finance sector with the acquisition of a sizeable chunk in a northern Chinese...

Nine Provinces in Western China Cooperate on “New Land-Sea Channel” with Singapore

Nine of China's western provinces are cooperating on a new trade initiative that seeks to foster maritime access. On 16 May the nine province-level administrative...

Actually Used Foreign Capital in January – April Rises 6.4% YoY

China has seen steady growth in foreign capital actually used in the first months of 2019. Figures from the Ministry of Commerce indicate that...

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