Friday, August 6, 2021

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CSRC Flags Greater Regulation of Dividend Issuance

The head of China’s security regulator has mooted greater regulation of dividend distribution and bonus issues by listed companies. Liu Shiyu, the secretary of the party committee of...

Ageing Population Will Drag on China’s Economy Before Decade’s End

New research from Standard Chartered says that China's ageing population will create a major challenge for economic growth by the end of the decade,...

“Strong Regulation, Strong Accountability” Set to Be New Normal for Chinese Banks

As Beijing pushes through with supply-side structural reforms, China's banking authorities are seeking to make "strong regulation, strong accountability" (强监管,抢问责) the new normal for the...

Big Banks Vie for a Piece of Xiongan New District

Leading financial institutions are competing for footholds in the Xiongan New District, an urban area which is set to be three times the size of New...

E-Commerce a Key Driver of Consumer Credit Growth

A new report indicates surging consumption in China is prompting sharp consumer credit expansion, with e-commerce serving as a key driver of growth. According to...

China’s Chief Insurance Regulator Investigated for Corruption

Chen Junbo, the party secretary of China's Insurance Regulatory Commission, has been placed under investigation by the Chinese authorities for serious breaches of duty. According...

China’s Banking Regulator Strives to Ensures Funds Reach Real Economy

The China Banking Regulatory Commission (CBRC) has hit major lenders with a slew of fines as well as released a new set of guidance...

China’s Bond Market Shrinks as Non-standard Financing Surges

The latest data on social financing in China shows that the Middle Kingdom bond market posted negative growth over a recent quarter-long period. During the period from...

CCTV Host Bristles Over Penalty Rate on CCB Credit Card

  A prominent Chinese television host has sought to draw attention to what he considers to be unfair credit card practices on the part of the...

Financial Management Revenue Leaps Amongst Listed Chinese Banks

Revenue derived from financial management product posted strong gains amongst China’s listed banks last year. Most of China’s financial institutions saw only modest net profit gains...

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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...