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Chinese Central Bank Calls for More Specialist Legislation to Strengthen Protections for Finance Consumers

A senior official from the People's Bank of China (PBOC) has highlighted the need for more specialised legislation to protect the consumers...

Beijing Flags Further Reserve Ratio Cuts to Finance Rural Village Revitalisation

China's top financial authorities have outlined the use of a range of monetary policy tools including further cuts to the reserve ratio...

BOCOM International Sees Net Profits Hit Record High Following 105% YoY Rise

The Hong Kong-listed arm of big state-owned lender Bank of Communications has seen its profits and revenues hit record highs following a...

2021 Lending Expected to Breach 20 Trillion Yuan amidst Post-COVID Financial Inclusion and ESG Drive

Leading domestic analysts expect full year lending in 2021 to exceed 20 trillion yuan (approx. USD$3.08 trillion), amidst a push for increased...

ESG Wealth Management Products See Issuance Volume Triple in First Half, Total Scale Exceed 40 Billion Yuan

China has seen a surge in the issuance of Environmental, Social and Governance (ESG) themed wealth management product, following a push...

CITIC aiBank Sees over 76% Profit Growth in First Half, Ongoing Focus on Digitally Driven Financial Inclusion

Private Chinese digital lender CITIC aiBank has seen robust growth in profits during the first half of 2021, amidst efforts to ramp...

Zhongyuan Bank Expected to Appoint Chinese Central Bank’s Zhengzhou Chief as New Chair

Zhengzhou-headquartered Zhongyuan Bank (中原银行) is tipped to appoint the head of the local office of the Chinese central bank as its new...

Minsheng Bank Completes China’s First Carbon Credit Guarantee Operation

Beijing-based China Minsheng Bank has provided the first carbon credit guarantee since the recent official launch of China's carbon credits market.

Shanghai Issues Policy Blueprint for Transformation into International Financial Centre by 2035

The Shanghai municipal government has issued a new policy outline to advance its ambitions of becoming a "globally influential international financial centre"...

PBOC Drives “Structural Optimization” of Chinese Bank Lending, Flags Fewer Real Estate Loans, More Loans to Small Businesses

The Chinese central bank has stressed the need for further adjustments to the lending structure of the domestic banking sector to support...

IMF Appoints Chinese Central Bank Deputy Governor, Former Chongqing Mayor Li Bo as Deputy Managing Director

The International Monetary Fund (IMF) has announced the appointment of one of the top officials from the People's Bank of China (PBOC)...

Hong Kong Stock Exchange to Launch A-share Index Futures

The Hong Kong Stock Exchange (HKEX) has unveiled plans to launch futures contracts based on A-share indices in a bid to enhance...

Latest stories

China’s Outbound Foreign Direct Investment Declines 4.3% Since Start of 2021

Outbound non-financial foreign direct investment from China has seen a sizeable decline since the start of 2021.

Actually Used Foreign Investment in China Rises 22.3% YoY for January – August

China has seen a sizeable rise in actually used foreign investment funds since the start of 2021, as the economy continues to...

Over 5.7 Trillion Yuan in Bonds Issued in August: PBOC

The latest data from the Chinese central bank indicates that more than 5.7 trillion yuan in bonds were issued in the month...

China’s Securities Regulator Launches Strike Team Targeting Capital Market Malfeasance

The China Securities Regulatory Commission (CSRC) has led the establishment of a new unit to target illegal activity on the Chinese capital...