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Chinese Central Bank Releases First Quarter Lending Report

The People's Bank of China (PBOC) has released its latest report on areas to which Chinese financial institutions directed credit in the...

Shenzhen Trials Use of Digital Renminbi to Channel 196 Million Yuan in Enterprise and Employment Stabilization Funds

The southern Chinese tech hub of Shenzhen is further expanding the usage scope of the Digital Renminbi in ongoing local trials.

China’s Insurance Sector Sees 7.8% Rise in Premium Revenues, over 11% Gain in Total Assets

The Chinese insurance sector has seen a strong increase in revenues derived from premiums in the first quarter of 2021, as China's...

PBOC Undertakes Reverse Repos for 79th Consecutive Trading Day

The Chinese central bank has stepped up the activity levels of its open market operations since the start of 2021, with a...

Net Value Wealth Management Products See Market Share Rise Nearly 24 Percentage Points

Net value bank wealth management products (WMP's) have seen a surge in their market share over the past year following a push...

China’s Patent Commercialization Rate at over 34% in 2020

Over one third of China's patents reach the commercialisation stage according to the latest official data from the Chinese government.

Zhou Xiaochuan Says Digital Renminbi Will Not Create “Severe” Shock for Global Financial System

The former head of the Chinese central bank has sought to assuage concerns about the potential impacts of China's Digital Renminbi upon...

Beijing Issues Trial Regulations for China’s Live-Streaming E-Commerce Market

The Chinese central government has issued new regulations targeting the country's booming live-streaming e-commerce market.

China’s Cloud Services Market Posts World’s Fastest Growth to Hit USD$19.38 Billion: IDC

A new report from market researcher IDC highlights roaring growth in China's market for cloud computing and IaaS services.

Chinese Banking Sector Assets up 9.2% YoY at End of First Quarter, NPL Ratio Edges Lower

The total assets of the Chinese banking sector saw an increase of over 9% at the end of the first quarter of...

National Fiscal Revenues in China Rise over 24% in First Quarter

China's national fiscal revenues surged in the first quarter of 2021, as the economy continues to recover from the initial impacts of...

Chinese Central Bank Calls for Renminbi Internationalisation to Become National Strategy, Says Time Is Right for Capital Account Liberalisation

A senior official from the Chinese central bank has called for greater prioritisation of efforts to internationalise the usage of the renminbi,...

Latest stories

Bank of Communications Underwrites New Bonds for Revitalization of China’s Rural Areas

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to underwrite a new debt instrument designed to channel...

China’s Open-ended Mutual Funds Market Takes First Place in Asia at $2.81 Trillion, Fifth Place Globally

China's open-ended mutual funds market has emerged as the largest in the Asia-Pacific following a sharp rise in the popularity of the...

Chinese Investors Can Now Buy Government Savings Bonds Using Their Mobile Phones

The Chinese government has made it possible for domestic investors to subscribe for government bonds via mobile banking apps.

Alipay Trials Digital Renminbi Account Transfers Using MYBank Wallet

Chinese payments platform Alipay has debuted a Digital Renminbi payments and transfer function on its mobile app that connects to a wallet...