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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Chinese Banks See Net Profits Decline 1.8% in 2020

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

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

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

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

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

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

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

Chinese payments giant UnionPay is further expanding its overseas reach with a new mobiles payments cooperative deal in Malaysia, amidst broader efforts...

Data Emerges as Key Topic at China’s 2021 Two Sessions Meeting, Delegates Call for National Data Platform, Data Sharing by Tech Giants

Data protections and data sharing have emerged as pivotal topics at China's Two Sessions congressional event for 2021, with delegates calling for...

China’s Market for Government Blockchain Projects Booms

Efforts by Chinese local governments to improve public service offerings are playing an increasingly important role in driving the growth of the...

China Reiterates Commitment to Curbing Speculative Investment in Property

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...