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Monthly Archives: August, 2019

WeBank Appoints Yang Qiang as Chief AI Officer, Launches Guangdong’s First AI Fintech Lab

Tencent-backed online lender WeBank (微众银行) is stepping up its artificial intelligence (AI) development efforts with the appointment of a specialist AI executive and the...

Chinese Ridesharer DiDi Plans to Launch Private Bank in Tianjin

Ridesharing giant DiDi Chuxing has ambitions to expand its presence in the Chinese financial and fintech sectors with the launch of its own private...

Chinese Central Bank Says US Currency Manipulation Accusation is “Ruining International Financial Order”

The People's Bank of China (PBOC) says that the US Treasury's recent categorisation of China as a currency manipulator serves to "ruin the international...

Sino-US Investment Drops to Five Year Low in H1 2019

Ongoing trade tensions between China and the United States have driven reciprocal investment levels to their lowest point in half a decade according to...

Average Residential Property Prices Rise on Month and on Year across 100 Chinese Cities in July

The average price of residential property across one hundred Chinese cities increased in both on-month and on-year terms in July. The average new build...

Ping An Group Enters Strategic Fintech Partnership with Internet of Things Firm

One of China's leading financial conglomerates has entered a strategic partnership with a Shenzhen-listed Internet of Things (IoT) firm for collaboration in the fintech...

China Will Not Engage in Competitive Devaluation: Central Bank Governor Yi Gang

The head of the People's Bank of China (PBOC) has committed to maintaining the stability of the Chinese yuan as well as the continuation...

PBOC to Sell 30 Billion Yuan in Renminbi Central Bank Bills on 14 August in Hong Kong

The People's Bank of China (PBOC) has scheduled the sale of another tranche of offshore renminbi central bank bills in mid-August via Hong Kong....

LexinFintech Grabs Asian Banker Award for China’s Best Lending Technology

Online consumer finance platform LexinFintech Holdings Ltd. has grabbed The Asian Banker's award for best lending technology in China. The NASDAQ-listed fintech platform received...

PBOC Confident It Can Keep RMB “Fundamentally Stable” After Breaching 7 to the Greenback

The Chinese central bank has committed to maintaining the stability of the renminbi just after it breached the threshold of seven to the US...

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