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Micro-loan Companies, Consumer Finance Platforms, Wealth Management Subsidiaries Included by PBOC under Money Laundering Regulation

The Chinese central bank has announced that a range of non-bank finance platforms will be included within the scope of future anti-money...

CBIRC Drafting New Regulations on the Sale of Life Insurance, Targets Live Streaming E-commerce

The China Banking and Insurance Regulatory Commission (CBIRC) has announced that it is in the process of drafting new regulations governing the...

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Liquidity to Come Under Modest Pressure in April Following Funds Contraction of 30 Billion Yuan in March

Liquidity in the Chinese finance system is expected to come under modest pressure in the month of April as a result of...

China Co-chairs G20 Sustainable Finance Study Group with United States

China will play a leading role in efforts by the G20 to develop solutions for the challenges faced by the global sustainable...

China Development Bank to Make 300 Billion Yuan in Tech Innovation and Basic Research Loans During 14th Five Year Plan

Policy lender China Development Bank (CDB) has announced that it will step up the provision of loans to innovative undertakings in the...

Shanghai Approves Development of International Financial Assets Trading Platform

The Shanghai municipal government has flagged the development of its own international asset management platform as part of broader efforts to transform...

Chinese Central Bank Takes Leading Role in NGFS Initiative to Investigate Relationship Between Biodiversity and Financial Stability

A senior official from the People's Bank of China (PBOC) will play a leading role in a new initiative launched by the...

JD Technology’s IPO Application Terminated by Shanghai Stock Exchange

The Shanghai bourse has announced the termination of the application for an initial public offering (IPO) made by JD.com's fintech unit last...

China Construction Bank Teams up with HKUST to Provide New Fintech and MBA Programs, Improve Ties with Hong Kong

One of China's big state-owned lenders has teamed up with the Hong Kong University of Science and Technology (HKUST) to provide fintech...

China Issues Additional Capital Requirements for Systemically Important Banks

China's top financial authorities have just issued new rules that outline additional requirements for the country's systemically important banking sector financial institutions....

Latest stories

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,...

Chinese Central Bank Will Help Strengthen Green Financing Initiatives Abroad: Yi Gang

The head of the Chinese central bank has flagged plans to strengthen green financing for projects and partnerships in relation to the...

Zhou Xiaochuan Says Development of Central Bank Digital Currency Will Not Lead to Creation of Unified Global Money

The former head of the Chinese central bank has highlighted the challenges faced by efforts to achieve cross-border usage of central bank...

Citigroup Plans Expansion into China’s Securities and Futures Sectors

US banking giant Citigroup hopes to expand its footprint in the Chinese financial sector via the acquisition of licenses for a range...