Tuesday, September 28, 2021

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China UnionPay Expands Services to Type II, III Bank Accounts

China UnionPay has just launched a new mechanism for hooking up with type II and type III bank accounts, in a move that is expected to shake up the...

Interbank CD Plunge Attests to Effective Deleveraging

Precipitous changes in the volume and pricing of China's interbank certificates of deposit attest to the impact of a rigorous deleveraging campaign launched by financial regulators. The...

PBOC Favours 7 Day Reverse Repos for Liquidity Management

China's central bank injected net liquidity of 180 billion yuan (USD$26.13 billion) during the two day period from 16 to 17 May primarily by means...

Chinese Yuan Hits Three Month High Against the Greenback

The Chinese currency hit a three month high against the US dollar on 17 May. The median quote for Chinese yuan on Wednesday was 6.8635 to the...

Financial Regulators Step Up Scrutiny Of Wealth Management Products

Chinese financial authorities have stepped up their scrutiny of wealth management products via the introduction of new provisions that require the registration and disclosure of asset information on a...

PBOC Balance Sheet Expands in April on the Back of Growth in Re-lending

The People's Bank of China bounced back from two successive months of balance sheet contraction in April, as the US Federal Reserve moots a shrinking...

Interbank Borrowing Plunges 1.54tn Yuan Amongst Listed Lenders as Deleveraging Continues

Interbank borrowing has plunged amongst China's commercial banks, as financial regulators continues to push for deleveraging of the market. A recent report by 21st Century Herald points to a...

Local Governments Cool Housing Markets with Rash of Sales Restrictions

Municipal governments around China are striving to cool down overheating local housing markets with the introduction of heavy sales restrictions that expand the scope of property market controls. At...

China’s Central Bank Greenlights Hong Kong Bond Connect Scheme

The People's Bank of China has given the go-ahead to a long-anticipated initiative that will grant foreign investors greater access to the country's $9 billion bond...

Jack Ma Claims Title of China’s Wealthiest Man

Ali Baba founder Jack Ma has pipped Wanda Group head Wang Jianlin to the position of China's wealthiest individual. The latest Forbes list of the world's wealthiest individuals indicates...

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Ant Group and Tencent Top Chinese Blockchain Patents List for 2021

Tech giants Ant Group and Tencent have topped a new list of the biggest holders of authorised patents for blockchain technology in...

Chinese Central Bank’s Third Quarter Monetary Policy Meeting Mentions Real Estate for the First Time in over Ten Years

The monetary policy committee of the People's Bank of China (PBOC) has just concluded its routine third quarter meeting, making reference to...

CBIRC Supports Issuance of Catastrophe Bonds in Hong Kong by Domestic Insurers

China's banking and insurance regulator plans to allow domestic insurance companies to issue catastrophe bonds via Hong Kong.

Bank of China Unveils Carbon Emissions Action Plan

One of China's big state-owned banks has drafted an "action plan" to support the carbon reduction targets unveiled by Beijing last year....