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Bank of China to Support Creation of “Common Prosperity Demonstration Zone” in Zhejiang Province

Bank of China (BOC) has committed to working with the Zhejiang province government on the development of a demonstration zone launched in...

PBOC Undertakes 600B Yuan in 1-Year MLF Operations on 15 September

The People's Bank of China (PBOC) undertook 600 billion yuan in medium-term lending facilities (MLF) operations on 15 September, with a view...

PBOC Outlines Areas Where Digital Renminbi Still Needs to Improve

A senior official from the Chinese central bank has provided details on areas of focus for the ongoing testing and development of...

China Banking Association Calls for Greater Digital Financial Inclusion, Establishment of National Data Platform

The peak body for the Chinese banking sector has called for greater use of digital channels and big data to drive financial...

He Xinxiang Becomes Latest China Development Bank Exec to Be Toppled

A top official from one of China's big three policy banks as well as a veteran of the Bank of China has...

Bank of China Teams up with BestPay to Launch Digital Renminbi Wallets

One of China's big state-owned banks is teaming up with a leading digital payments provider on the provision of digital renminbi wallets...

Cross-border Wealth Management Connect and South-bound Bond Connect on Verge of Launch: PBOC

The Chinese central bank has announced that new channels for facilitating investment in China's financial markets by offshore investors via Hong Kong...

Hengqin and Qianhai Will Drive Financial Integration with Macau and Hong Kong

The Chinese central bank has provided further details on efforts to use the island of Hengqin in Zhuhai and the Qianhai New...

CBIRC Sets Its Sights on Wealth Management Product Liquidity Risk

China's banking authority plans to step up regulation of liquidity risk at the wealth management subsidiaries of the country's commercial lenders.

China’s Banking Authority Flags Regulatory Targeting of Real Estate Lending, Wealth Management Sector and Online Platforms

The China Banking and Insurance Regulatory Commission (CBIRC) said that it will step up pressure on a range of financial sub-sectors through...

Chinese Central Bank Outlines Measures to Realise Xi’s Hopes for Common Prosperity, Stresses Monetary Policy Stability

A senior official from the People's Bank of China (PBOC) has highlighted a range of policy options they will adopt in response...

Micro-loan Balance Rises over 29% YoY Following China’s Financial Inclusion Push

The latest data from the Chinese central bank points to a surge in lending to micro-loans following a push for greater finance...

Latest stories

PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.