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Monthly Archives: July, 2019

Libra’s Success Will Cause Financial Upheaval: China Construction Bank Exec

A senior executive from one of China's big four state-owned banks has highlighted the profound disruptive potential of Facebook's plans to launch its own...

Chinese Central Bank’s Tech Chief Aims for Steady, Long-term Fintech Development, Stronger Regulation

The head of the Chinese central bank's tech department wants to strengthen regulation and planning for China's fintech sector in order to abet its...

Bank of Hangzhou Becomes First Municipal Lender to Obtain Approval for Wealth Management Subsidiary

Bank of Hangzhou has just become the first municipal commercial bank in China to garner approval from regulators for its own wealth management subsidiary....

Chinese Judicial System Pushes for Use of Blockchain-based Digital Evidence

A new report compiled by leading members of the Chinese judicial system has advocated the use of blockchain-based forms of electronic evidence. The "Blockchain...

China’s Housing Price to Income Ratio Hits 9.3, CASS Frets over Economic Impacts

A new report from one of China's leading think tanks highlights the negative economic impact of excessively high house price-to-income ratios. The "17th China Urban...

Beijing to Invest 36.1 Billion in Rural Power Network Upgrades

The Chinese central government plans to invest heavily in upgrades to rural power networks in 2019. Su Chengyuan (綦成元), vice-head of the National Energy...

Chinese Central Bank to Further Improve Bond Default Handling Mechanisms Following 2018 Trials

The People's Bank of China (PBOC) has unveiled new measures to improve the handling of bond defaults. PBOC released the "Public Announcement Concerning Undertaking...

New Tax and Fee Reductions Total 893 Billion Yuan for First Five Months of 2019

China's latest round of levy cuts have resulted in tax and fee reductions exceeding 893 billion yuan since the start of 2019. Figures from...

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