Saturday, January 23, 2021

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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.

Nearly 3/4 of Chinese Mobile Payments Customers Were Daily Users in 2020

A new report from the peak body for China's payments sector indicates that nearly three quarters of Chinese mobile payments users made...

New Real Estate Lending in China in 2021 Expected to Remain on Par with 2020

China's new real estate lending in 2021 is expected to remain on the same level as last year amidst efforts to moderate...

Shenzhen Fintech Sandbox Announces Second Round of Innovation Projects

The southern Chinese city of Shenzhen has announced the second batch of projects for its fintech sandbox.

Chinese Central Bank Releases Financial Data for End of 2020 – Renminbi Loans Increased 19.63 Trillion Yuan Last Year

The People's Bank of China (PBOC) has just released its the latest batch of financial data for the end of 2020.

Tencent’s WeBank Wins Award for Supporting COVID-19 Containment Efforts in China

Tencent-backed digital lender WeBank has won an award for its contribution to efforts to contain the impacts of the COVID-19 pandemic in...

Beijing Releases Industrial Internet Campaign Plan for 2021 – 2023, Focus on 5G Applications

China's Ministry of Industry and Information Technology (MIIT) has unveiled a new plan to spur development of the country's Industrial Internet over...

ByteDance Launches Factoring Company in Hainan

TikTok-owner ByteDance has established a factoring company in China's southern island province of Hainan, as part of broader efforts by the tech...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.