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Monthly Archives: August, 2019

2.5529T Yuan in New Local Government Bonds Issued Since Start of 2019, 83% of Annual Quota

The latest official data indicates that over 80% of the annual quota for new local government bond issuance was completed by the end of...

Chinese Banks Step up Collaboration with Tech Companies in 2019

Since the start of 2019 Chinese commercial banks have increasingly entered collaborative arrangements with tech companies to drive their fintech adoption strategies. On 6...

Statutory Digital Currency Will Diversify Monetary Policy Tools: China UnionPay Chair

The chair of Chinese payments giant UnionPay has highlighted the ability of a statutory digital currency as proposed by China's central bank to improve...

PBOC Official Says Chinese Central Bank Digital Currency on the Verge of Release

A senior official from the Chinese central bank has pointed to the imminent release of its own form of digital currency. Speaking at the...

IMF Says Yuan Is Fairly Valued, China Has Not Intervened in Forex Market

A new report from the International Monetary Fund (IMF) gainsays recent claims by the United States that that China is engaging in manipulation of...

Ping An Bank’s App Users Exceed 70 Million by End of First Half, IT CAPEX up 36.9%

Ping An Bank's first half performance report points to a sharp rise in the number of its app users alongside IT capital expenditures. According to...

China Unveils Policies to Accelerate Digital Economy Development

China hopes to accelerate the growth of its digital economy with the launch of coordinated policies at both the central and provincial government levels....

Chinese Authorities Come to the Aid of Third Beleaguered Regional Bank

The Chinese government is taking measures to intervene in the fortunes of a third ailing regional bank. Central Huijin Investment Ltd, a state-owned Chinese...

WeBank Lauded by People’s Daily for “Exemplary Digital Financial Inclusion in China”

A new financial inclusion report from a summit backed by China's peak industry bodies has highlighted the fintech-driven efforts of Tencent-backed digital lender WeBank....

CBIRC Issues “Insurance Assets and Liabilities Management and Regulation Provisional Measures”

China's banking and insurance regulator has just issued new regulations on balance sheet management by the Chinese insurance sector. The China Banking and Insurance...

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