Friday, August 6, 2021

CBNEditor

5548 POSTS0 COMMENTS

Qingdao Offers 5M Yuan Subsidies for Fintech Companies to Set up Shop Locally

The Shandong province port city of Qingdao hopes to induce more fintech companies to set up shop locally by offering them a...

Longgang Rural Commercial Becomes 82nd Bank in Zhejiang Province

The coastal economic powerhouse of Zhejiang province has just seen the establishment of its 82nd banking sector financial institution.

Foreign Holdings of Chinese Stocks Hit 3.76 Trillion Yuan at End of June

The latest data from the Chinese central bank indicates that holdings of domestic stocks and bonds by offshore investors both stand above...

CBIRC Cracks Down on Trust Company Use of Non-financial Subsidiaries

The Chinese banking regulator has issued a new directive targeting the misuse of non-financial subsidiaries by companies in the domestic trust sector....

Citibank China Grabs Approval for Securities Investment Fund Custody Services

The Chinese unit of US banking giant Citigroup has cinched approval from regulators to provide custody services for securities investment funds.

Green Bonds Account for Just 0.5% of Debt Issuance in China Despite Carbon Targets Push

Green bonds still account for just a tiny share of total debt issuance in China despite a concerted push for growth in...

China’s Cloud Market Surpasses 30B Yuan in First Quarter, Alibaba Cloud, Tencent and Huawei Lead: IDC Report

A new report from market intelligence firm IDC indicates that the Chinese cloud computing market exceeded the 30 billion yuan threshold in...

China Construction Bank Commits over $46 Billion in Financing to Suzhou’s Economic Development

One of China's big state-owned banks has stepped up its financial support for the Jiangsu province economic hub of Suzhou by means...

Qingdao to Create Digital Renminbi Ecosystem

The Shandong province port city of Qingdao says it will drive the creation of a digital renminbi "ecosystem" as part of broader...

Ex-Bank of China Chief Warns Libra, Diem Could Strengthen US dollar “Hegemony,” Highlights Challenges of Decentralised Finance

The former head of one of China's big state-owned banks has warned that emerging cryptocurrencies such as Libra and Diem could potentially...

TOP AUTHORS

5548 POSTS0 COMMENTS

Most Read

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...