Tuesday, March 2, 2021
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China’s Big Four Banks Whittle Away at Their Branches

China's big four state-owned banks are paring back on their regional branches as part of efforts to cut down on costs. Last year Agricultural Bank of...

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Over 20 Chinese Provinces Include Blockchain Development Goals in 2021 Government Work Reports

China's regional authorities have flagged their commitment to the development of their local blockchain sectors with mention of the technology appearing in...

China Bans Regional Banks from Accepting Cross-border Deposits After Curbing Cross-regional Online Lending

The Chinese central bank has prohibited regional banks from accepting deposits in cities where they do not have physical branches, in a...

Shenzhen’s State-owned Assets Authority Grabs 23% Stake in Suning.com

The state-owned assets authority of the Shenzhen municipal government has just acquired a sizeable stake in Shenzhen-listed retail giant Suning.com (苏宁易购) via...

Chinese Mobile Internet Users Hit 986 Million

The latest official data indicates that the number of people in China who access the Internet via their mobile phones is fast...