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Local Government Bond Issuance for January – July Period Approaches 4 Trillion Yuan

Local government bond issuance in China for the first seven months of the year has approached the 4 trillion yuan (approx. USD$620...

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...

China Cracks Down on Tax Evasion by Wealthy Citizens, Hits TV Actress Zheng Shuang with 299 Million Yuan Fine

The Chinese central government has flagged a crack down on tax evasion by rich citizens amidst a public campaign to reduce excess...

China Hails Establishment of Unified Market Entity Registration System to Drive Entrepreneurship and Innovation

Official state media is hailing the "basic establishment" of a unified system for the registration and administration of market entities in China,...

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)...

Shandong Supreme Court Declares Cryptocurrency Is “Not Money in the Real Sense,” Not Protected by Chinese Law

The Supreme Court of Shandong province in the north of China has made explicit the lack of legal protections for cryptocurrency-related transactions,...

Evergrande Group Meets with Chinese Regulators, Commits to “Disposing of Debt Risk with Maximum Determination and Strength”

Chinese property giant Evergrande Group has been summoned for disciplinary "regulatory discussions" by Chinese authorities concerned about the volume of risky debt...

China Will Keep Liquidity Rationally Ample, Guide Financial Sector in Supporting Recovery of Real Economy: NDRC

One of China's top central government authorities has flagged further efforts to maintain loose monetary conditions to support the recovery of the...

China to Mould New State-owned Enterprise Groups for Strategic Emerging Industries

The top authority for China's state-owned enterprises (SOE) has flagged plans to create a new set of large-scale industry groups for key...

Chinese Bond Data Hints at Successful Efforts to Curb Hidden Local Government Debt

The latest raft of official bond data points to successful efforts to reduce levels of local government hidden debt that Chinese regulators...

Hunan Province City Orders Halt to Housing Price Declines

The city of Yueyang in Hunan province has diverged from standard property market policy in China by seeking to stymie excessively rapid...

ByteDance Denies Speculation It Plans to Launch Venture Capital Fund

TikTok-founder ByteDance has denied speculation that it plans to expand further into the venture capital scene after a key change in the...

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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...