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Monthly Archives: June, 2019

China Remains World’s Second Biggest Destination for Foreign Direct Investment in 2018: UNCAD Report

A new report from the United Nations indicates that China saw a rise in foreign direct investment (FDI) in 2018 amidst a trend of...

China Host to 11,808 Business Incubators Nationwide: Ministry of Science and Technology

A new report from China's Ministry of Science and Technology (MST) points to a surge in the number of business incubation organisations in the...

Bank of China Officially Unveils New Fintech Subsidiary in Shanghai

One of China's big state-owned banks has just officially opened a new fintech subsidiary in the Pudong district of Shanghai. Bank of China (BOC)...

CBIRC Chair Guo Shuqing Hails Effectiveness of China’s Financial Inclusion Drive

The head of China's banking authority says that its financial inclusion drive has already proven successful in reducing the cost and difficulty that small...

Industrial Bank Becomes Third Joint-stock Commercial Bank Approved for Wealth Management Subsidiary

China's banking regulator has given its approval for a third joint-stock commercial bank to prepare to establish its own wealth management subsidiary. Industrial Bank...

China’s Debt-to-Equity Swap Agreements Reach 2.3 Trillion Yuan as NDRC Expands Private Market’s Role

Beijing is touting the use of market-based debt-for-equity swaps to dial down levels of leverage in the Chinese economy. Data from the National Development...

PBOC to Issue Renminbi Central Bank Bills in Hong Kong Towards End of June

The People's Bank of China (PBOC) has announced that it will launch another round of yuan-denominated central bank bills via Hong Kong towards the...

China Sees 29 Fintech Deals Worth 7.59 Billion Yuan in May

China saw fintech deals worth approximately 7.59 billion yuan in the month of May, nearly twice the value of deal in the United States...

Local Government Bond Issuance Exceeds 2 Trillion Yuan Since Start of Year, Expected to Accelerate in June

Local government bond issuance has already surged past the 2 trillion yuan threshold this year, with analysts forecasting further acceleration this month. Data from...

Chinese and Thai Central Banks Execute Fintech Cooperative Agreement

The People's Bank of China (PBOC) has entered an agreement with the Thai central bank to work together on fintech development. On 9 June...

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