Monday, October 26, 2020
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Banking Sector Assets Reach 239 Trillion Yuan in August

The latest official figures indicate that Chinese bank loans staged a modest rebound in August. Data from the China Banking Regulatory Commission indicates that the...

China’s Top 500 Companies See Asset-Profit Ratios Drop to 10 Year Low

The asset-profit ratios of China's top 500 companies have fallen to a decade-long low as asset expansion outpaces growth in revenues. The latest "2017 China...

CASS Report Says China’s Total Government Assets Equal to 180% of GDP in 2015

A new study from the China Academy of Social Sciences indicates that the Chinese government's total assets are more than sufficient to cover its...

Central Bank’s $5tn Balance Sheet Set to Hold Steady Until 2018

The latest survey of People's Bank of China observers by Bloomberg has found that most expect its USD$5 trillion balance sheet to hold steady in size or even...

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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...

China’s Elderly Population Will Exceed 300 Million During 14th Five Year Plan

Data from the Ministry of Civil Affairs (MCA) indicates that China's population of elderly people is on track to approach a third...

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...