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Monthly Archives: May, 2019

Chinese Real Estate Investment Rises 11.9% YoY in First Four Months of 2019

The latest official data points to a robust rise in Chinese real estate investment for the period from January to April. Figures released by...

Tencent’s Fintech-related Revenues Rise 44% in First Quarter, Beat Online Advertising

Chinese tech giant Tencent has just reported a sharp rise in fintech-related revenues following the release of the first financial report which sets out...

China Construction Bank Officially Launches Fintech Academy in Suzhou

One of China's big four state-owned lenders has just launched a new "fintech academy" in the historic Jiangsu province city of Suzhou. The sign...

Chinese Central Bank Hopes to Unleash 280 Billion Yuan with Targeted Reserve Ratio Cuts

The People's Bank of China (PBOC) has just launched a series of cuts to the required reserve ratio of smaller rural banks with a...

Online Banks Outperform China’s Conventional Lenders in 2018

The latest financial reports of China's online banks points to a bumper year in 2018, far outpacing the performance of listed domestic lenders. Tencent's...

Singapore’s Central Bank Eyes Greater Fintech Cooperation with China

The Monetary Authority of Singapore (MAS) ahs executed a cooperative agreement to foster greater fintech collaboration with China. The agreement signed on Monday between...

Information Consumption in China Hits 5 Trillion Yuan, Accounts for over 10% of End Consumption

The latest official data indicates that the growth in China's information consumption is significantly outpacing overall growth in the Chinese economy. Data released by...

China Merchants Bank Uses Trade Finance Blockchain Platform in Shaanxi to Slash Processing Times

One of six trials of cross-border blockchain services platforms in China recently commenced operation in the northern landlocked province of Shaanxi. The Shaanxi province...

Local Governments in China Issue over 160 Property Control Policies since Start of 2019

Local governments around China have issued at least 160 property market control policies in their own jurisdictions so far this year following a sharp...

Zhou Xiaochuan Speaks on Reciprocal Influence of Finance and Tech

The former head of the Chinese central bank has highlighted the reciprocal nature of the relationship between the financial sector and the latest tech...

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