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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...

Foreign Fiscal, Monetary Policy Puts China’s Financial Security at Risk: Xi Jinping

The Chinese president has pointed to the fiscal and monetary policies of other nations as potential sources of risk for China's finance sector. State media reports...

Latest stories

China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...