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China’s Foreign Debt Exceeds USD$2.1 Trillion at End of First Half

China's national foreign debt exceeded USD$2.1 trillion as of the end of the second half of 2020.

New QFII/RQFII Rules Unify Qualifications and Regulations, Reduce Entry Thresholds, Expand Investment Scope

The launch of new rules governing investment in securities futures by qualified foreign institutional investors (QFII) in China is expected to further...

Ant Group Launches Blockchain-driven International Trade and Financial Services Platform “Trusple”

Chinese fintech giant Ant Group has unveiled a new blockchain-driven platform that facilitates cross-border transactions as well as financing by participating enterprises....

STAR Market’s First ETF’s Gives Retail Investors Access to Chinese Tech Giants

The recent approval of the first batch of exchange-traded funds (ETF) for the Shanghai Stock Exchange's STAR Market will give domestic retail...

Chinese Government Bonds Included in FTSE World Government Bond Index

A leading benchmark of global government bonds has announced the inclusion of China starting from 2021.

Chinese Consumer Finance Companies Hit by COVID-19 in First Half

The first half performance reports of over a dozen licensed consumer finance companies in China point to a highly variable performance...

USD$3.36 Billion QDII Quota Launched to Support Dual Circulation, Financial Opening

The State Administration of Foreign Exchange (SAFE) has approved a new quota for Qualified Domestic Institutional Investors (QDII's) in China in order...

Chinese Bank Cards Increase 8.9% YoY in 2019 to 8.53 Billion

A new report from the peak body for the Chinese banking sector points to robust growth in bank cards in 2019.

China Steps up Scrutiny of Supply Chain Financing

The Chinese central government has issued a new directive stepping up regulatory scrutiny of supply chain financing, due to concerns over abusive...

China Sees Issuance of 6 Trillion Yuan in Bonds in August

The latest data from the Chinese central bank indicates that China saw the issuance of nearly 6 trillion yuan (approx. USD$884.15 billion)....

CBIRC Warns of Fraudulent, High Yield Products During September Financial Literacy Campaign

China's banking regulator has issued domestic investors with a warning on the perils of fraudulent financial products during a nationwide campaign to...

PBOC Seeks to Drive Participation of Foreign Institutional Investors in Chinese Bond Market

The Chinese central bank has led the issuance of new draft regulations on investment by foreign institutional investors in China's bond market....

Latest stories

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...

Renminbi Internationalisation Will Be Guided by the Market, Regulators Must Reduce Cross-border Restrictions: Chinese Central Bank Head

The governor of the People's Bank of China (PBOC) has highlighted the key role of market forces in broader efforts to expedite...

Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

The head of the People's Bank of China (PBOC) Digital Currency Research Institute Mu Changchun (穆长春) has revealed details concerning the development...