Thursday, August 5, 2021

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Exim Bank of China Issues $465M in Flood Relief and Foreign Trade Bonds

One of China's big three policy banks has staged a bond issue to raise funds for flood-stricken Henan province.

Pudong District of Shanghai Launches China’s First Financial Data Harbour

The Pudong New Area of Shanghai has just launched a new demonstration zone to step up fintech applications and integrate financial sector...

Shanghai Launches Global Asset Management Partnership Push, Local Sector Host to 106 Foreign-invested Firms

The Lujiazui financial district of Shanghai has launched a new policy intuitive to transform itself into a global hub for asset management...

Ministry of Industry and Information Technology Launches Six Month Crackdown on China’s Internet Sector

The Chinese central government has launched a far-reaching six month crackdown on China's massive online economy, in the wake of aggressive action...

China’s Smaller Banks Achieve Breakthroughs in Fintech Adoption: KPMG

Research from international consultancy KPMG highlights rapid growth in the adoption of fintech by Chinese banks at the smaller end of the...

China’s Cloud Computing Market Grew over 56% in 2020: CAICT White Paper

A new white paper on China's cloud computing sector from one of the country's leading science and technology think tanks indicates that...

Bank of Communications Grabs Approval for $9.22 Billion Tier-2 Capital Bond Issue

One of China's big state-owned banks had cinched approval for a new issue of bonds to shore up its capital levels.

China’s Banking Regulator Calls for Expansion of Loans to Strategic Emerging Industries, Advanced Manufacturing

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has issued a call for domestic lenders to advance Beijing's...

China’s Wealth Management Market Transformed by Launch of New Asset Management Rules

China's market for wealth management products (WMP) has undergone profound change in the more than three years since the launch of new...

Foreign Capital Inflows Accelerate in China in First Half of 2021

China has seen a sharp increase in inbound foreign investment since the start of 2021, despite the worsening of trade relations with...

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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...