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Six of Evergrande’s Senior Execs Disciplined for Early Redemption of Investment Products

A slew of senior execs from beleaguered property giant Evergrande Group face severe disciplinary measures after redeeming investment products ahead of schedule....

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...

Guangdong Issues Directive Calling for Use of Fintech and Data Sharing to Drive Financial Inclusion, ESG Investment and Tech Lending

The provincial government of Guangdong has released a new directive calling for the use of fintech and data technologies to enhance lending...

19 Wealth Management Subsidiaries Post over 10 Billion Yuan in Net Profits in First Half of 2021

The wealth management subsidiaries of China's commercial banks have demonstrated robust profitability in the first half of 2021, as the transitional period...

South Bound Leg of Bond Connect to Commence Operation on 24 September, Granting Mainland Investors to Hong Kong Debt Market

The south-bound leg of the Bond Connect initiative connecting the Chinese and Hong Kong debt markets is scheduled to kick off official...

Evergrande Group Enlists Houlihan Lokey and Admiralty Harbour to Help Deal with Debt Crisis

Beleaguered Chinese property giant Evergrande Group has has enlisted the aid of two leading financial advisors to help deal with its unresolved...

PBOC Undertakes 600B Yuan in 1-Year MLF Operations on 15 September

The People's Bank of China (PBOC) undertook 600 billion yuan in medium-term lending facilities (MLF) operations on 15 September, with a view...

He Xinxiang Becomes Latest China Development Bank Exec to Be Toppled

A top official from one of China's big three policy banks as well as a veteran of the Bank of China has...

Cross-border Wealth Management Connect and South-bound Bond Connect on Verge of Launch: PBOC

The Chinese central bank has announced that new channels for facilitating investment in China's financial markets by offshore investors via Hong Kong...

Latest stories

PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.