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Monthly Archives: June, 2019

Ping An Fintech Vehicle OneConnect Plans to List in New York by as Soon as September: Domestic Reports

Ping An fintech subsidiary OneConnect (壹账通) plans to list in New York instead of Hong Kong according to sources speaking to Chinese media. While...

Bank of Communications Takes Part in Second Round of Over-the-counter Sale of Local Government Bonds

Big state-owned lender Bank of Communications is participating in a second round of trials for the over-the-counter sale of local government bonds. Information from...

China’s Banking System Host to Nine Fintech Subsidiaries

Since the end of 2015 China banks have established a total of nine fintech subsidiaries as part of efforts to heighten services and efficiency,...

3.6 Trillion Yuan in Chinese Bonds Issued in May, 304.3 Billion Local Government Bonds

China's financial regulators have released a new raft of data on domestic bond issuance for the month of May. Data from the People's Bank...

Chinese Central Bank Sheds Further Light on Baoshang Bank Takeover

The People's Bank of China (PBOC) has provided more information on the recent takeover of beleaguered Inner Mongolian lender Baoshang Bank in an interview...

No One Can Stop the Rise of China: China’s Top Banking Regulator

China's senior-most banking official has weighed in on the ongoing Sino-US trade dispute. In a speech published by the Chinese central bank Guo Shuqing...

260 Shanghai-listed Companies Eligible for Securities Issuance in London via Stock Connect

As many as 260 companies listed on the Shanghai Stock Exchange could qualify for securities issuance in London via the newly launched Shanghai-London Stock...

China Construction Bank’s Financial Inclusion Loan Balance Exceeds 800 Billion Yuan as of May

One of China's big six state-owned banks is touting the success of fintech-abetted efforts to expand financially inclusive lending. China Construction Bank's (CCB) financial...

Third Party Payments Licenses in China See Prices Contract Almost 60%

Prices for third party payments license in China have seen a precipitous decline since Beijing's launch of a crackdown on internet payments. According to...

PBOC Expands Rediscount, SLF Quotas to Shore up Liquidity for Smaller Chinese Banks

The Chinese central bank is adopting a range of measures to ensure that smaller lenders have access to sufficient liquidity in the wake up...

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