Friday, November 27, 2020
Home Finance

Finance

CSRC Flags Crackdown on Shadow Banking “Channel Operations”

The China Securities Regulatory Commission has flagged a crackdown on "channel operations" employed by members of the banking sector to shift their investments off...

MSCI China Index Hits Two Year High As Chinese Tech Stocks Flourish

The Morgan Stanley Capital International (MSCI) China Index has just breached a near two-year high on the back of gains in Chinese technology stocks. The...

PBOC Says Banking System Liquidity Levels Back at Appropriate Levels

China's central bank said that the level of liquidity in the national banking system has returned to standard and "appropriate" levels in the wake of...

AliPay Claims Active Daily Users Doubled in 2016

Chinese FinTech heavyweight Ant Financial claims that the number of its daily active users doubled last year. The AliBaba payment affiliate reports that over 450 million...

One Belt One Road to Increase International Clout of China’s Payments Sector: PBOC

The vice-governor of the People's Bank of China has called for the Chinese payments sector to use the One Belt One Road initiative to...

Mobile Payments Beat Online Payments in China for the First Time Last Year

Mobile payments beat online payments in terms of total transaction volume for the first time ever in 2016. At the launch of the latest "China Payments...

Access to Offshore Dollar Bonds Dries up for Property Developers

Chinese regulators have clamped down on the issuance of offshore dollar bonds by property developers as part of a bid to cool down China's overheating...

China UnionPay Expands Services to Type II, III Bank Accounts

China UnionPay has just launched a new mechanism for hooking up with type II and type III bank accounts, in a move that is expected to shake up the...

China Zheshang Nabs Approval for 40bn Yuan in Asset Backed Securities

Hong Kong-listed commercial lender China Zheshang has obtained approval from financial regulators for the issuance of a large volume of asset backed securities. Xu Renyan, vice-president of...

State Media Calls for China’s Finance Sector to Better Service Real Economy

China's official press agency has published an editorial calling for the country's financial sector to channel more funds to the real economy. The latest editorial piece...

Dongguan Securities IPO Scuppered by Bribery Allegations

The IPO of Dongguan Securities has run aground on bribery allegations involving the former vice-governor of Guangdong province. Established in 1988 with registered capital of 1.5...

New Disclosure Rules Prompt Bank to Withdraw from ETF’s

The introduction of new disclosure requirements by China's securities regulator has prompted a mini-exodus of capital "outsourced" by banks to ETF's. China's ETF's have released their first...

Latest stories

Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.