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Wednesday, November 25, 2020
Tags Beijing finance

Tag: Beijing finance

Beijing Bans Lending of Operating Licenses by Local Financial Institutions

Beijing's municipal financial regulator has just issued the "Beijing Municipal Local Financial Supervisory and Administrative Regulations (Draft Version for Solicitation of Opinions)"...

Financial Sector Accounted for 17% Share of Beijing’s Economy in 2017

Beijing's municipal authorities have highlighted the vital role of the finance sector as the "leading pillar industry" of the Chinese capital. Yin Yong (殷勇), vice-mayor...

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PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...

China’s Banking Authority Steps up Regulation of Trust Company Shareholders, Corporate Governance

The China Banking and Insurance Regulatory Commission (CBIRC) has issued new regulations concerning the shareholders and corporate governance of domestic trust companies....

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.