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China’s Banking Sector Releases Its First Blockchain Supply Chain Finance White Paper

The Chinese banking sector has just seen the release of its first white paper on blockchain-driven supply chain financing.

Agricultural Bank of China Appoints Youngest Chief amongst Big State-owned Banks

The newly appointed party secretary of Agricultural Bank of China (ABC) is the youngest holder of the position amongst China's original big...

Local Governments Issue $6.4 Billion in Capital Supplementation Special Bonds to Support Smaller Chinese Banks

China's regional authorities have issued a copious volume of special bonds for the purpose of raising funds to shore up the capital...

PBOC Undertakes 5 Billion Yuan in Central Bank Bill Swap Operations on 24 December

The Peo­ple’s Bank of China (PBOC) conducted 5 bil­lion yuan in cen­tral bank bill swap (CBS) operations on 24 December, with a...

Chinese Central Bank Undertakes 40 Billion Yuan in Reverse Repos on 24 December for Net Injection of 30 Billion

The People's Bank of China (PBOC) announced that it undertook 40 billion yuan in reverse repo operations on 24 December.

Structured Deposits Drop by 4.68 Trillion Yuan During Seven Months of Regulatory Crackdown

The structured deposits of Chinese banks have seen a plunge over the past seven months following a crackdown by regulators concerned about...

China Further Defers Repayments for Micro and Small Enterprise Loans Past First Quarter of 2021

The Chinese government has further extended deferrals on repayments for loans made to micro and small-enterprises (MSE's) that were originally launched in...

Tencent’s WeBank Reduces Maximum Ceiling for Microloans by 1/3 in Response to CBIRC Directive

Tencent-backed digital lender WeBank has announced a sizeable reduction in the maximum amount for its key microloan product in response to new...

Postal Savings Bank of China Plans to Launch China’s Third Online Direct Bank

One of China's big six state-owned lenders has flagged plans to launch what will be the country's third online direct bank that...

Moody’s Expects Strong Performance of China’s Top Regional Banks to Stymie Systemic Risk

A new report from Moody's Investors Services says the strong performance of China's leading regional banks will help to contain systemic risk...

CBIRC to Push Chinese Wealth Management Companies to Lift Equity Investments, Allow Insurance Funds to Buy ChiNext, STAR Market Stocks

The China Banking Regulatory and Insurance Commission (CBIRC) has flagged efforts to push bank wealth management vehicles to lift their share of...

China Bohai Bank Opens Its First Branch Outside Mainland China

China Bohai Bank has just launched its first branch outside of mainland China, amidst efforts to expand its operations less than six...

Latest stories

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...