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PBOC Issues New Assessment Measures for Green Financing by Chinese Banks

The Chinese central bank has released a new set of assessment measures for green financing undertaken by banking sector financial institutions, amidst...

Chinese Central Bank Hails Growth of Green Finance in China

The People's Bank of China (PBOC) has highlighted rapid growth in green financing following a push for development of the sector in...

Shenzhen Will Allow Foreign Companies to Obtain Payments Licenses as Part of Ambitious Financial Opening Plans

The Shenzhen municipal government has outlined a raft of measures to expedite the opening of the regional financial sector to foreign investors,...

Micro-Enterprises in China Surge as Beijing Flags More Targeted Financial Support

The State Council has called for the provision of more targeted financial support to micro-and-small enterprises (MSE) in China amidst ongoing economic...

China’s Tax Authorities to Take over Collection of State-owned Land Transfer Revenues

Beijing has just issued a landmark new rule which will make tax authorities responsible for the collection of the proceeds raised from...

China Everbright Group and CITIC Group Apply for Conversion into Financial Holding Companies

Two of China's leading financial conglomerates have applied with the Chinese central bank for conversion into financial holding companies, amidst a push...

Data Protection the Most Urgent Priority for Chinese Finance: Sichuan Province Fintech Association

The head of the peak research body for the fintech sector in Sichuan province has highlighted the critical importance of shoring up...

Agricultural Bank of China Issues Guidelines for Accelerating Green Finance Growth

One of China's big six state-owned banks has issued a new directive to drive the accelerated development of its green finance operations....

Chinese Central Bank Calls for Dumping of LIBOR, Commits to Further Interest Rate Reforms

The People's Bank of China (PBOC) has called for the dumping of the London Interbank Offered Rate (LIBOR) as the benchmark for...

Ant Group’s Consumer Finance Company Grabs Approval from Chongqing Regulators to Kick off Operation, Take over Huabei and Jiebei

Jack Ma's Ant Group has secured approval from banking regulators in the central Chinese mega-city of Chongqing for its consumer finance subsidiary...

Shenzhen and Guangzhou Crack Down on Use of Micro-loan Funds for Illicit Real Estate Investment

The Guangdong province mega-cities of Shenzhen and Guangzhou have cracked down on micro-loan companies extending credit to investors in the regional real...

China’s Forex Authority Grants Record-breaking USD$10.3B Foreign Investment Quota to 17 Domestic Institutions

China's forex regulator has expanded the foreign investment quota for domestic financial institutions by over USD$10 billion.

Latest stories

Alibaba Invests USD$15 million in Launch of “Smart Finance” Digital Subsidiary

Chinese e-commerce giant has Alibaba just launched a new wholly invested fintech subsidiary helmed by a senior executive from its Ant Group-backed...

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...