Monthly Archives: August, 2019

Chinese Central Bank Officially Opens WeChat Public Account

CBNEditor - August 2, 2019 0

The People's Bank of China (PBOC) has announced the launch of its own public account on China's leading social media app. On 2 August...

Chinese Tourists Make 3.08 Billion Domestic Trips in First Half of 2019

CBNEditor - August 2, 2019 0

Both domestic and outbound tourism in China posted sizeable gains in the first half of 2019. A new report from the China Tourism Academy...

Chinese Central Bank Releases 2019 Financial Literacy Report

CBNEditor - August 1, 2019 0

The latest biennial report on financial literacy from the People's Bank of China (PBOC) points to a slight rise in general knowledge about finance...

PBOC Increases Small Business Support Re-loan Quota by 50 Billion Yuan

CBNEditor - August 1, 2019 0

The Chinese central bank has just upped the re-loan quota for the support of small businesses, in a bid to improve financing conditions for...

Home Loan Rates Rise in China’s Hot Spot Urban Centres

CBNEditor - August 1, 2019 0

Hot spot housing markets around China are seeing ongoing gains in home loan rates at the behest of concerned regulators. The average national first...

Chinese Central Bank Signals Stricter Regulation of Highly Leveraged Real Estate Companies

CBNEditor - August 1, 2019 0

The People's Bank of China (PBOC) has signalled greater scrutiny of heavily leveraged real estate enterprises at its latest meeting in Beijing. On 29...

World’s Biggest Bank Sheds Light on Its Fintech Strategy

CBNEditor - August 1, 2019 0

The world's largest bank in terms of assets is adopting a unique fintech strategy that involves both an internal fintech department and an independent...

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