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Yearly Archives: 2019

CBIRC Gives Four Big State-owned Banks Approval for Wealth Management Subsidiaries

China's banking regulator has green lighted the launch of wealth management subsidiaries by four of the country's big state-owned lenders. On 4 January the China...

China’s P2P Indices Drop for First Time in History, Only 300 Platforms to Weather 2019

A slew of key indices for China's P2P lending sector have posted their first decline since the inception of the industry over a decade...

Average Housing Price for 100 Chinese Cities Rises 5.09% in 2018

A new report points to easing growth in China's urban housing prices last year. On 3 January the China Index Academy (中国指数研究院) released the "National...

Chinese Central Bank Expects Latest Reserve Ratio Cut to Unleash 1.5T Yuan

The Chinese central bank has unveiled another cut to the required reserve ratio less than a week after the start of the new year. On...

Ping An and Alibaba Tops IPR Daily’s 2018 Global Fintech Patent List

A new ranking of international fintech patents for 2018 puts Chinese finance conglomerate Ping An and internet behemoth Alibaba at the fore of global...

China Banking Association Launches Blockchain-based Trade Finance Platform

The peak self-regulatory body for China's banking sector has announced the launch of a blockchain-based platform to improve the efficiency of Chinese trade finance. The...

PBOC Signals Greater Latitude for Chinese Banks to Set Interest Rates

The Chinese central bank is on track to further liberalise domestic interest rates in 2019. A work conference of the People's Bank of China (PBOC)...

Aspiring Licensees Line Up in Anticipation of Consumer Finance Boom

Domestic analysts foresee a boom in consumer finance in China, prompting an increasing number of financial institutions to apply for licenses from regulators. A research...

New Policies in the Works to Drive Chinese Consumption in 2019

The Chinese central government has flagged the launch of fresh policies to further spur consumption in the new year. The state-owned Economic Information Daily reports that...

Didi Chuxing Expands into China’s Nationwide Fintech Scene

Trouble-plagued Chinese ride-hailing service Didi Chuxing had just unveiled a range of fintech products amidst efforts to diversify beyond its original business scope. On Wednesday...

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