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China’s Current Account Surplus for 2020 Exceeded $310 Billion

The latest official data indicates that China's current account surplus was over two trillion yuan (approx. USD$309.66 billion) in 2020.

Beijing Announces “Historic Shift” for China’s Three Rural Issues Policy, Hails Completion of Poverty Alleviation Mission

The Chinese central government has issued a new directive in relation to its "Three Rural Issues"(三农) policy that analysts say marks...

Chinese Central Bank Says to Focus on Rates not Volume When Interpreting Monetary Policy Signals

The People's Bank of China (PBOC) has reiterated the importance of looking at rates and not scale when reading the tea leaves...

China Unveils Second Cohort of Artificial Intelligence Innovation Zones

The Chinese central government has announced the dramatic expansion of its pilot zones for the development of artificial intelligence (AI) innovations.

PBOC Issues 25 Billion Yuan in Central Bank Bills on 19 February via Hong Kong

The People’s Bank of China (PBOC) is­sued 25 bil­lion yuan in renminbi-denominated cen­tral bank bills on 19 February via auction in Hong...

Retail, Food & Beverage Companies in China See Near 30% Sales Surge During 2021 Lunar New Year

Major companies in China's retail and food and beverage (F&B) sectors have seen a sharp rise in sales during the 2021 Lunar...

Chinese Central Bank Calls for “Leaping Growth” in Green Finance, Commits to Peak Carbon and Carbon Neutrality Targets

The People's Bank of China (PBOC) has reiterated its commitment to green financing and related environmental protection goals in the lead up...

Beijing Says “Houses Are for Occupation, not Speculation,” Flags Complete Ban on Speculative Property Investment in the City

The Beijing municipal government has reiterated its long-standing stance against speculative investment in the local real estate market.

Net Profits of Chinese Banks Fall 2.7% in 2020, Bad Debts Edge Lower in Final Quarter

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a significant drop in the profits of the...

China’s M2 Money Supply up 9.4% YoY at End of January, New Loans Hit Record High

The Chinese central bank has just released its latest round of data on China's monetary system for the month of January.

Phase One Trade Deal between China and US Slammed as Failure

A new report says that much of the phase one trade deal executed by China and the US just over a year...

Chinese Hedge Funds Outperform Global Peers in 2020 with 30% Returns on Average

Hedge funds in China outshone their overseas rivals in 2020 as the country's economy staged an advance recovery from the COVID-19 pandemic....

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Xi Jinping Hails “Complete Victory” in China’s Efforts to Eradicate Extreme Poverty

Chinese President Xi Jinping has publicly hailed the success of China's efforts to eradicate extreme poverty in the country's rural countryside.

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...