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Chinese Central Bank Flags Greater Cooperation with Kazakhstan on Payments and Finance

The People's Bank of China (PBOC) has flagged greater cooperation with the Central Asian nation of Kazakhstan in the area of payments....

Chinese Consumer Finance Set for Reshuffle amidst Window Guidance Pressure on Rates

The Chinese consumer finance sector is expected by industry insiders to undergo a considerable shake-up as regulators use window guidance to keep...

Beijing and Chongqing Obtain Approval for China’s First Green Finance Pilot Zones

Two of China's biggest urban centres have reportedly just nabbed the green light from central government regulators for the launch of their...

Chinese Central Bank Outlines Eight Key Missions for Second Half of 2021

The People's Bank of China (PBOC) has outlined its chief focal points for policy decisions in the second half of 2021.

Foreign Holdings of Chinese Stocks Hit 3.76 Trillion Yuan at End of June

The latest data from the Chinese central bank indicates that holdings of domestic stocks and bonds by offshore investors both stand above...

CBIRC Cracks Down on Trust Company Use of Non-financial Subsidiaries

The Chinese banking regulator has issued a new directive targeting the misuse of non-financial subsidiaries by companies in the domestic trust sector....

Citibank China Grabs Approval for Securities Investment Fund Custody Services

The Chinese unit of US banking giant Citigroup has cinched approval from regulators to provide custody services for securities investment funds.

Green Bonds Account for Just 0.5% of Debt Issuance in China Despite Carbon Targets Push

Green bonds still account for just a tiny share of total debt issuance in China despite a concerted push for growth in...

Ex-Bank of China Chief Warns Libra, Diem Could Strengthen US dollar “Hegemony,” Highlights Challenges of Decentralised Finance

The former head of one of China's big state-owned banks has warned that emerging cryptocurrencies such as Libra and Diem could potentially...

Shanghai Launches Global Asset Management Partnership Push, Local Sector Host to 106 Foreign-invested Firms

The Lujiazui financial district of Shanghai has launched a new policy intuitive to transform itself into a global hub for asset management...

China’s Wealth Management Market Transformed by Launch of New Asset Management Rules

China's market for wealth management products (WMP) has undergone profound change in the more than three years since the launch of new...

Chinese Central Bank Says Carbon Market Essential to Achieving Sustainable, Low Carbon Development

A senior official from the People's Bank of China (PBOC) has stressed the role of the carbon trading market in China as...

Latest stories

Chinese Central Bank Launches Three Year Campaign to Support Small Business and Private Enterprise in Beijing

The People's Bank of China has launched a new campaign to drive financial inclusion for small businesses and private companies operating in...

Bank of Communications Teams up with JD.com on 20M Yuan Digital Renminbi Giveaway in Shanghai and Suzhou

Big state-owned lender Bank of Communications (BOCOM) will work with e-commerce giant JD.com on a new digital renminbi giveaway that will be...

Local Asset Management Companies Set for New Rules to Address Regulatory Gaps

Chinese financial authorities are preparing new rules for the country's 58 local asset management companies (AMC), in order to address a lack...

ICBC Teams up with Chinese Chamber of Commerce to Drive Micro-loans

ICBC is one of six banks to team up with the All-China Federation of Industry and Commerce (ACFIC) to drive micro-lending to...