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Securities Sector Growth in China Will Be Spurred by Share Registration Reforms: Chinese Central Bank Media

The official news platform for the People's Bank of China (PBOC) has hailed the salutary impact of share registration reforms on the...

China to Draft New Legislation for Non-Depository Lending Institutions, Privately Offered Investment Funds

Beijing has announced plans to draft new legislation on non-depository lending institutions and privately offered investment funds.

BlackRock to Launch First Fully-owned Mutual Fund Company in China, DBS and Daiwa Obtain Approval for Securities Joint-ventures

China is further expanding access to the domestic financial sector, granting US investment giant BlackRock permission to operate the country's first fully...

Total Assets of Chinese Financial Institutions Stood at USD$56.93 Trillion at End of First Quarter for YoY Growth of 9.5%

The total assets of financial institutions in China saw YoY growth of over 9% as of the end of the first quarter...

China Will Invest over USD$15.6 Trillion across 40 Years to Achieve Carbon Mitigation Targets: Bank of China Chair

The chair of one of China's big state-owned banks has highlighted the need for a dramatic expansion in green finance over the...

Local Government Land Sale Revenues in China Rose from 50 Billion to 8.4 Trillion Yuan in Just over Two Decades

Official data indicates that revenues derived from sales of land by China's local government authorities have surged by more than 165-fold since...

Hang Seng Bank Becomes First Foreign Invested Lender in China to Provide Green Mortgage Services

HSBC Group's Hang Seng Bank has become the first foreign invested bank in China to provide green mortgages to consumers as part...

ICBC and Goldman Sachs Sign Memorandum of Agreement for Wealth Management Joint-venture

The asset management subsidiaries of Industrial and Commercial Bank of China (ICBC) and Wall Street investment bank Goldman Sachs have just executed...

China Launches New Rules for 7 Trillion Yuan Cash Wealth Management Market

China's top financial authorities have just issued new rules for cash-management wealth management products (WMP's), which will have a far-reaching impact on...

China’s Top Banking Regulator Highlights Five Focal Areas for Financial Risk Prevention in Future

The head of China's banking authority has highlighted five key areas for financial risk prevention efforts undertaken by regulators in the near-term....

Chinese Central Bank Seeks to Standardise Cross-border Renminbi Payments, Reportedly Reduces Processing Costs by 70% with New CIPS Transceiver

The People's Bank of China (PBOC) has recently undertaken measures to better standardise cross-border renminbi payments and settlements made via its Cross-Border...

China’s Peak Internet Finance Body Calls for Crackdown on Credit for Cosmetic Procedures

The peak body for China's online finance sector has called for heightened scrutiny of credit extended to consumers for medical cosmetic procedures....

Latest stories

PBOC to Issue 5 Billion Yuan in 6-month Central Bank Bills on 24 June in Hong Kong

The People's Bank of China (PBOC) has announced plans for a new issue of central bank bills (CBB) via Hong Kong on...

Structured Deposits at Chinese Banks Drop to New Low for 2021 in May

Outstanding structured deposits of Chinese banks have further fallen to a new low for the year following a crackdown on use of...

Bank of China Commits to Development of New Blockchain Applications

A senior tech executive from one of China's big state-owned banks has stressed the lender's commitment to the development and application of...

China’s Loan Prime Rate Unchanged for 14th Consecutive Month in June

The benchmark rate for the Chinese banking sector has held steady for the 14th consecutive month in the month of June.