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Guangdong Province Touts Success of Shadow Banking Monitoring System Following Plunge in Interbank WMP’s

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The Guangdong province government has touted the success of its efforts to contain the regional shadow banking sector.
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Banking

Wealth Management Products Bring $154.5 Billion in Returns to Chinese Investors in 2020, Retail Investors and Net Value Products Predominate

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Chinese investors reaped greater returns from wealth management products (WMP's) in 2020 despite the adverse economic impacts of the COVID-19 pandemic.
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Banking

Structured Deposits of Chinese Banks Fell by Nearly One Third in 2020, Dropped 5.7 Trillion Yuan from April Peak

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The structured deposits of Chinese banks saw a huge decline in 2020 after authorities stepped up pressure on use of the products...
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Banking

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

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Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...
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Banking

Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

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The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...
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Banking

Alipay, JD.com Remove All Bank Deposit Products from Sale via Online Platforms

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China's Internet finance giants have completed the full withdrawal of bank deposit products from sale to both old and new customers via...
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Banking

Banks in Guangzhou, Shenzhen Reportedly Suspend New Mortgages as Regulators Tighten Restrictions on Property Loans

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Banks operating in the Guangdong province capital of Guangzhou have reportedly suspended the provision of new mortgages following the imposition of caps...
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Banking

Bank of Chongqing IPO Brings China’s Listed A-share Lenders to 38 in Total

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China has just seen the ranks of its listed A-share lenders expand to 38 with the initial public offering (IPO) on the...
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Banking

Chinese Banks See Net Profits Decline 1.8% in 2020

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China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Banking

China’s Non-Performing Loan Ratio Declines 0.06 Percentage Points to 1.92% in 2020, Banks Dispose of Record-breaking 3.02T Yuan in Bad Debt

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Official data points to a slight decline in the non-performing loan (NPL) ratio of Chinese banks in 2020, despite the adverse impacts...
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Banking

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

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Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.
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Banking

China’s Top Banking Regulator Reiterates Commitment to Anti-Trust Enforcement

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The senior-most official in China's banking regulatory system has reiterated its commitment to the enforcement of anti-trust and anti-monopoly policies in the...
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China UnionPay Enters Agreement with Malaysian Local Government on Mobile Payments Tool

Economy CBNEditor - 0
Chinese payments giant UnionPay is further expanding its overseas reach with a new mobiles payments cooperative deal in Malaysia, amidst broader efforts...
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Data Emerges as Key Topic at China’s 2021 Two Sessions Meeting, Delegates Call for National Data Platform, Data Sharing by Tech Giants

Economy CBNEditor - 0
Data protections and data sharing have emerged as pivotal topics at China's Two Sessions congressional event for 2021, with delegates calling for...
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China’s Market for Government Blockchain Projects Booms

Fintech CBNEditor - 0
Efforts by Chinese local governments to improve public service offerings are playing an increasingly important role in driving the growth of the...
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China Reiterates Commitment to Curbing Speculative Investment in Property

Economy CBNEditor - 0
A senior official from China's Ministry of Housing and Urban-Rural Development (MOHURD) has reaffirmed its long-standing commitment to keeping a tight lid...
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