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Banking

Seven-Year China Bear Turns Bull After $240 Million Loss on RMB Shorts

CBNEditor - September 8, 2017 0

A US hedge fund manager has abandoned his bearish outlook on the Chinese economy after losing over USD$240 million betting on a currency collapse. Mark...

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

Fintech CBNEditor - January 21, 2021 0

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

Economy CBNEditor - January 21, 2021 0

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

Finance 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...

Pinduoduo Owner Applies for Payments Trademark

Fintech CBNEditor - January 21, 2021 0

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

Tag: Bear

Most Read

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

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

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

Pinduoduo Owner Applies for Payments Trademark

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