Monthly Archives: July, 2019

China’s Banking Regulator Calls for Real Estate Trust Companies to Arrest Rapid Growth

CBNEditor - July 8, 2019 0

The Chinese banking regulator is convening meetings with certain members of the real estate trust sector following concerns over the risk created by overly...

Tech Majors Dominate Top Salaries for Chinese Graduates, Demand for AI Professionals Intensifies

CBNEditor - July 8, 2019 0

New data on the salaries of Chinese university graduates three years after completing their degrees indicates that those who majored in software, internet and...

PBOC’s Shenzhen Trade Finance Blockchain Platform Sees Foreign Payments Exceed 30 Billion Yuan

CBNEditor - July 8, 2019 0

The Chinese central bank's Trade Finance Blockchain Platform (贸易金融区块链平台) has seen sizeable growth in its associated financial institutions since its launch ten months ago....

Fines for Chinese Banks in First Half of 2019 See 66% YoY Contraction

CBNEditor - July 3, 2019 0

The China Banking and Insurance Regulatory Commission (CBIRC) has dialled back the number and value of the fines dispensed to lenders in the first...

People’s Daily Asks if Facebook’s Libra Will Open a Pandora’s Box

CBNEditor - July 3, 2019 0

The official newspaper of the Chinese Communist Party has expressed strident concern over Facebook's plans to launch its own cryptocurrency in the form of...

Zhou Xiaochuan Warns that the Winner Takes All When It Comes to Fintech

CBNEditor - July 3, 2019 0

The former governor of the Chinese central bank has weighed in on the future of fintech in China during a speech delivered at an...

Bank of Ningbo Becomes Second Municipal Lender to Grab Approval for Wealth Management Subsidiary

CBNEditor - July 3, 2019 0

Bank of Ningbo has become the second municipal commercial bank in China after Bank of Hangzhou to obtain approval from regulators for its own...

Internet Enterprise Revenues for Jan – May Rise 19.4% YoY

CBNEditor - July 3, 2019 0

Internet enterprises in China saw a sizeable rise in their revenues for the first five months of 2019. The latest data from the Ministry...

Libra Will Be a Shock for Existing Financial and Monetary System: China’s National Institute of Financial Research

CBNEditor - July 2, 2019 0

The head of one of China's leading financial and economic think tanks has expressed concern about the potential impacts of Facebook's plans to launch...