Friday, January 22, 2021
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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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

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

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

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.