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PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.

Evergrande’s Debt Debacle Not Yet a Lehman Moment: Guangfa Securities

Analysts from Guangfa Securities do not expect the debt crisis currently engulfing Evergrande Group to pose systemic risk to the Chinese financial...

Beijing Stock Exchange to Set Half Million Yuan, Two Year Trading Requirements for Personal Investors

Further details have emerged concerning requirements for the new stock exchange that the Chinese government plans to launch in the national capital...

Six of Evergrande’s Senior Execs Disciplined for Early Redemption of Investment Products

A slew of senior execs from beleaguered property giant Evergrande Group face severe disciplinary measures after redeeming investment products ahead of schedule....

China Construction Bank’s “One Sentence for Everything” Voice Recognition Assistant Is Capable of Detecting Forgery and Coercion

Big state-owned lender China Construction Bank (CCB) has announced the launch of a new voice recognition product that permits the completion of...

Xi’an Transforms Datang Everbright City into Digital Renminbi Demonstration Zone

The ancient Chinese capital of Xi'an in Shaanxi province has announced the launch of a digital renminbi demonstration zone encompassing its leading...

OneConnect Launches “Cloud Rights” SaaS Platform to Drive Digitisation of Commercial Bank Retail Operations

Ping An's fintech platform OneConnect has just launched a new software-as-a-service (SaaS) platform to cater to the digital transformation needs of China's...

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PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.