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Economy

Beijing Uses Big Data to Analyse Illicit Flows of Bank Funds into Local Property Market

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The Beijing municipal government is turning to big data tools to help track potential illicit flows of funds into the local property...
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Economy

Huawei Tops List of China’s Leading Companies for Patent Applications in 2020, JD.com Ranks ahead of Alibaba, Tencent

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Telecommunications giant Huawei has topped a new list of China's leading companies when it comes to patent applications.
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Economy

Beijing Calls for Chinese Enterprise to Pursue 5G, Big Data, AI and Blockchain Innovation

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The Chinese central government has issued a call for enterprises to focus more on innovations in hi-tech areas including 5G, big data,...
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Fintech

Chinese Central Bank Wants International Cooperation on Fintech Regulation, Antitrust Measures

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A senior official from the Chinese central bank has called for greater international cooperation in the area of fintech regulation.
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Economy

Didi Chuxing Grabs USD$300 Million in Financing for Driverless Vehicles

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Chinese ride-hailing platform Didi Chuxing has raised USD$300 million for its driverless vehicle subsidiary according to a report on Thursday from Reuters....
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Fintech

Ant Group Allows Users to Adjust Credit Quotas on Consumer Finance Platforms Huabei and Jiebei

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Ant Group has announced the addition of a new feature to its Huabei (花呗) and Jiebei (借呗) consumer finance platforms that will...
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Fintech

Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

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Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...
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Banking

Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

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Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...
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Banking

Alipay, JD.com Remove All Bank Deposit Products from Sale via Online Platforms

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China's Internet finance giants have completed the full withdrawal of bank deposit products from sale to both old and new customers via...
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Fintech

ByteDance’s Douyin to Serve as China Central Television’s Spring Festival Broadcast Partner for 2nd Year Running

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TikTok's Chinese counterpart Douyin will be the official partner for the Spring Festival gala show that will be screened by China's state-owned...
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Fintech

China UnionPay Establishes Commanding Presence in South-east Asia’s Digital Payments Market

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Payments giant China UnionPay is making bold forays into the digital payment sectors of multiple countries throughout South-east Asia.
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Finance

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

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

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

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Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.
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Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

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Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...
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ByteDance Shuffles Senior Execs at Toutiao and TikTok

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TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.
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Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

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Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...
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