Thursday, May 16, 2024

Yearly Archives: 2019

Central Bank Says China Has Paid “Huge Price” for Online Financial Risk

The Chinese central bank says it will maintain strict regulation of the fintech sector due to concerns over risk in relation to internet finance....

JPMorgan Becomes First US Bank Approved for Majority-owned Securities Venture in China

JPMorgan Chase has obtained approval from Chinese regulators to launch its own majority-owned securities business in the Middle Kingdom. The US bank announced on...

China’s Local Governments Issue 575 Property Market Control Policies in 2019

The number of policies launched by Chinese local governments to corral real estate markets within their jurisdiction has risen considerably in 2019. Data from...

Fears over Chinese Debt Explosion Are Unfounded: BOC International Economist Xu Gao

The chief economist for the securities arm of the Bank of China says that concerns over China's debt levels are overblown. Xu Gao (徐高),...

Money 20/20 Asia Scheduled for 24 – 26 March 2020 at the Marina Bay Sands in Singapore

The future of money is being rewritten in Asia Disruptions that began with technological and business model innovations in other places are expressed in new...

Geely Teams up with Saxo Bank to Launch Fintech JV

Chinese automaker Zhejiang Geely Holding Group Co., Ltd. and Danish investment bank Saxo Bank A/S will launch a joint venture to provide fintech and...

China’s Leading Fridge Maker Sells off P2P Unit for Just 2 Kuai Following USD$200 Million Acquisition

China's top fridge manufacturer has just sold off its peer-to-peer (P2P) lending vehicle for next to nothing, in a further sign of the collapse...

Guangzhou Leads Ten Chinese Cities in Development of Blockchain Transaction Platform for Public Resources

The Guangdong-province capital of Guangzhou has led the development of a new blockchain-based platform for "public resource transactions" with group of major Chinese cities. On...

Hong Kong Protests Prompt Withdrawal of USD$5 Billion in Investment Funds: Bank of England

A report from the UK central bank claims that widespread protests in Hong Kong have resulted in a sizeable withdrawal of investment funds in...

Rural Banks in China File for New Share Issues as Non-performing Loan Ratios Surge

China's rural banks have applied en masse for new share issues as they struggle with a sharp increase in dud or overdue loans. Filings...

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