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Monthly Archives: July, 2019

Actually Used Foreign Capital in China Up 7.2% YoY for First Half of 2019

The latest official data points to a sizeable rise in actually used foreign capital in China for the first half of 2019. Figures released...

ICBC Flags Greater Fintech Cooperation with Tencent, Focus on Big Data, Cloud Computing, AI

The world's biggest bank is touting plans to expand cooperation with Chinese tech giant Tencent on the development of innovative fintech applications. On 9...

Everbright Trust Suspends Real Estate Operations Following Pressure from CBIRC

Recent calls from the Chinese banking regulator for trust companies to contain growth in their real estate operations have already prompted one leading player...

China Construction Bank Opens Trio of 5G-driven Smart Banks in Beijing

One of China's big six state-owned banks has taken the lead in launching its first group of 5G-driven smart premises in the national capital....

China’s Robo-advisory Market Expected to Reach 737.05B Yuan by 2022: Lufax White Paper

Ongoing fintech advances are expected to drive the size of the Chinese market for artificial intelligence-assisted wealth management to over 737 billion yuan within...

Libra Could Signal Emergence of Globalised Hard Currency: Zhou Xiaochuan

The former head of the Chinese central bank says that Facebook's plans to launch its own cryptocurrency in the form of Libra could have...

Insiders Warn of Fraudulent Supply Chain Financing Following Nuoya Fortune Scandal

Members of China's wealth management sector have warned of the widespread fraudulent use of supply chain finance products to tap funds. An insider source who...

Home Loan Rates in China Rise for the First Time in 2019

New data points to the first rise in Chinese home loan rates since the start of 2019. The average first home loan rate in...

Conversion of Baoshang Bank’s Outstanding Interbank CD’s Completed

The Chinese central bank has announced the conversion of Baoshang Bank's outstanding interbank certificates of deposit (CD's) in the wake of the forced takeover...

Beijing Says Rise in Foreign IP Applications Attests to Confidence in China’s Business Environment

The Chinese central government says the growing number of intellectual property applications filed domestically by foreign parties attests to overseas confidence in China's commercial...

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