Several of China's biggest regional economies have outlined plans to accelerate digital renminbi trials and financial opening measures in their government work...

Finance

Chinese Central Bank Chief Flags Possibility of “Good Results” for Relaunch of Ant Group IPO

CBNEditor - January 27, 2021 0

The head of the Chinese central bank has flagged the possibility that Jack Ma's Ant Group could still launch a successful IPO...

Finance

Virtual Lender ZA Bank Obtains Insurance Agency License in Hong Kong

CBNEditor - January 27, 2021 0

One of Hong Kong's first virtual lenders has just obtained a license to also operate as a virtual insurance agency less than...

Finance

Automaker Geely Establishes Fintech Investment Vehicle

CBNEditor - January 26, 2021 0

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

Banking

Bank of Chongqing IPO Brings China’s Listed A-share Lenders to 38 in Total

CBNEditor - January 26, 2021 0

China has just seen the ranks of its listed A-share lenders expand to 38 with the initial public offering (IPO) on the...

Finance

China’s Insurance Regulator Issues New Requirements for Solvency Levels

CBNEditor - January 26, 2021 0

The China Banking and Insurance Regulatory Commission (CBIRC) has issued a new directive on measures to address the solvency levels of insurance...

Finance

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

CBNEditor - January 21, 2021 0

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Banking

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

CBNEditor - January 20, 2021 0

China’s loan prime rate (LPR) has remained unchanged for the ninth consecutive month in January 2021.

Economy

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

CBNEditor - January 20, 2021 0

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

Banking

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

CBNEditor - January 18, 2021 0

The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...

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Finance

HSBC Plans to Invest over USD$3.5 Billion in Asian Wealth Management Expansion, Increase Chinese Staff by 3,000

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

COVID-19 Is Driving Internationalisation of the Renminbi, Foreign Investment in Chinese Financial Assets: PBOC

China’s Current Account Surplus for 2020 Exceeded $310 Billion

Chinese Central Bank Says to Focus on Rates not Volume When Interpreting Monetary Policy Signals

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Chinese Grain Production Rises 0.9% in 2020 to 669.49 Million Tonnes

Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

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