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China Launches Its First Big Data Exchange in Beijing

China has just seen the launch of its first big data exchange in the national capital of Beijing.

Sweeping Liabilities Rules Seek to Drive Shift from Quantity to Quality in Chinese Banking

New regulations on the management of liabilities by Chinese commercial banks are expected to have a far-reaching impact upon the nature of...

CBIRC Calls for Commercial Banks to Help Transform China into a “Great Manufacturing Power”

The China Banking and Insurance Regulatory Commission (CBIRC) has called for commercial banks to step up lending to manufacturers as part of...

CBIRC Calls for Chinese Banks to Further Expand Small Business Loans, Reduce Financing Costs

The China Banking and Insurance Regulatory Commission (CBIRC) is pushing for the domestic finance sector to further expand lending to micro-and-small enterprises...

Chinese Central Bank to Create Emissions Reduction Support Tools, Channel Funds towards Green Low Carbon Industries

The People's Bank of China (PBOC) is preparing measures to support China's broader campaign to transition towards a low carbon economy.

China’s Banking Regulator Targets Illicit Flow of Business Loans into Property Market

The China Banking and Insurance Regulatory Commission (CBIRC) has announced a crack down on the illicit flow of funds obtained via business...

Basic Research Expenditures in China Nearly Double During 13th Five Year Plan

The Chinese government is driving ongoing gains in basic research expenditures as part of broader policy ambitions to transform the country into...

China’s Foreign Debt Exceeds $2.4 Trillion at End of 2020

Chinese foreign debt saw a significant rise in the final quarter of 2020, as the economy staged an early recovery from the...

China’s Banking Regulator to Require that Medium-sized Lenders Draft Recovery and Resolution Plans to Prevent Systemic Risk

China's banking authority is in the process of refining new rules that seek to shore up the security of the Chinese financial...

PBOC Survey Finds over 70% of Banks Believe Chinese Economy and Monetary Policy Are Back to Normal

A new survey from the Chinese central bank has found that the majority of domestic lenders believe that the economy and key...

Calls Emerge for Green Finance Standards in China as Carbon Neutral Products Rush to Market

Experts within China are calling for the drafting of new rules and standards for green financing as domestic banks rush to release...

Beijing Unveils 12 Trillion Yuan Budget for 2021

China's Ministry of Finance (MOF) officially released the central government fiscal budget for 2021 on 26 March, outlining expenditures of nearly 12...

Latest stories

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....