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Monthly Archives: May, 2019

Ant Financial’s MYBank Commits to Being “Idiotic” about Financial Inclusion Following Low Profits in 2018

Online lender MYBank has attributed its poor profit performance in 2018 to efforts to expand financial inclusion for micro and small enterprises (MSE). According...

CBIRC Unveils 12 New Measures for Opening of Chinese Banking and Insurance Sectors

The head of the China Banking and Insurance Regulatory Commission (CBIRC) has unveiled plans to launch a dozen new measures to open up the...

Tencent Eyes Development of Blockchain Solutions for Crowdfunded Health Care

Chinese tech giant Tencent is collaborating on the development of blockchain-based insurtech solutions as part of efforts to compete against chief rival Ant Financial...

China’s Consumer Retail Market Expected to Exceed 40 Trillion Yuan in 2019

Official data indicates that China's consumer retail sales market is fast approaching that of the United States in size. China's full year public consumer...

China Launches 60 Billion Yuan”Double Hundred Fund” to Drive SOE Reform Program

The Chinese central government hopes to accelerate reform of its state-owned enterprise sector with the launch of a new "Double hundred Campaign" (双百行动) fund....

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