Saturday, April 17, 2021

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Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....

China’s Services Exports Surge over 20% since Start of 2021, Imports Plunge by More Than 18%

China has seen a sharp rise in its exports of services since the start of 2021, in tandem with a plunge in...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...

China’s Financial Stability and Development Committee Highlights Maintenance of Stable Macro-policy, Focus on Reform of Regional Finance

China's Financial Stability and Development Committee (FSDC) has sent a slew of key policy signals at its 50th meeting convened by Vice...

China Development Bank to Make 300 Billion Yuan in Tech Innovation and Basic Research Loans During 14th Five Year Plan

Policy lender China Development Bank (CDB) has announced that it will step up the provision of loans to innovative undertakings in the...

Shanghai Approves Development of International Financial Assets Trading Platform

The Shanghai municipal government has flagged the development of its own international asset management platform as part of broader efforts to transform...

China Merchants Bank Grabs Approval for Joint-venture with JD Technology

One of China's leading joint-stock banks has obtained the green light from regulators for a joint-venture with the fintech unit of Chinese...

Industrial Bank Expands Tech Investment as Revenues Breach 200 Billion Yuan Threshold

Industrial Bank Co., Ltd. posted strong revenue growth in 2020 despite the economic impacts of the COVID-19 pandemic.

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...