Monday, April 12, 2021
Home Finance

Finance

Sina Withdraws from Nasdaq, Converts into Financial Holding Company

Online media giant Sina has announced its withdrawal from the US capital market and its full conversion into a financial holding company...

DBS Bank China Issues Tier-2 Capital Bonds with Help from Blockchain Technology

The Chinese unit of a leading Singaporean bank has used blockchain technology to facilitate the issuance of capital supplementation bonds.

JD.com to Acquire Majority Stake in Delivery Platform Dada Group

Chinese e-commerce platform JD.com plans to make a major investment in on-demand delivery platform Dada Group.

Xiaomi Consumer Finance Applies for Payments and Loan Trademarks

Xiaomi has become the latest Chinese tech giant to seek to expand its financial capabilities following the submission of an application for...

China’s Peak Body for Institutional Investors Issues Clarification Notice on Carbon Bonds

The peak body for institutional investors on China's interbank market has issued a new directive clarifying conditions for the issuance of carbon...

Three Chinese Banks Launch Emissions Reductions Products Including World’s Biggest Issue of Carbon Neutrality Bonds

At least three of China's banking sector financial institutions have launched carbon neutrality financial products amidst broader efforts to drive the growth...

Chinese Central Bank Chief Flags Maintenance of Normalised Monetary Policy, Surging Support for Green Finance

Yi Gang (易纲), governor of the People's Bank of China (PBOC), has signalled the continuation of regular monetary policy in 2021 amidst...

Bank of China Underwrites China’s First Carbon Neutrality Securitised Product and Interbank Bond

State-owned lender Bank of China (BOC) is taking a leading role in driving the development of green financing and funding for clean...

Chinese Cities Take Four Out of Top Ten Spots on Ranking of World’s International Finance Centres

A new report sees Chinese cities further cementing their place amongst the world's leading international centres for finance and fintech.

Tencent and SoftBank Lead USD$300 Million Series E Funding Round in AI Services Platform PatSnap

Internet giant Tencent has just co-led a fresh founding round for London-headquartered artificial intelligence (AI) company PatSnap (智慧芽).

Trio of Chinese Banks Issue Tier-2 Capital Bonds on 17 March, 2021 Fund-raising Total Approaches 70 Billion Yuan

Three Chinese banks including a major state-owned lender have just held concurrent bond issues to improve their capital standing.

Shanghai Pudong Development Bank Launches Campaign to Improve Financial Risk Awareness of Elderly Customers

One of China's leading joint-stock lenders has unveiled a multi-prong campaign to better educate elderly Chinese financial consumers about various forms of...

Latest stories

Paypal Founder Peter Thiel Worries Bitcoin Could Be Financial Weapon for China Despite Domestic Ban

One of America's leading tech entrepreneurs believes that China could use the Bitcoin cryptocurrency as a "financial weapon" against the US should...

Chinese Central Bank Reportedly Orders Lenders to Keep 2021 Credit Growth on Par with Last Year

The People's Bank of China (PBOC) has reportedly issued an order for leading banking sector financial institutions to scale back credit growth...

Alibaba Hit with $2.78B Anti-Trust Penalty by China’s Market Regulator

Jack Ma's Alibaba has been slapped with a massive fine by China's market regulator following the launch of an anti-trust investigation into...

Digital Renminbi Makes Its Debut on Renmin University Campus

Ongoing trials of China's Digital Renminbi have brought the central bank digital currency to one of the country's most prestigious tertiary institutions....