Tuesday, April 20, 2021
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Tag: Chengdu

Fintech

Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

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The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...
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Fintech

Chengdu and Jiangsu Province Join Ranks of Chinese Local Governments with Blockchain Development Plans

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The municipal government for the Sichuan province capital of Chengdu and the government of Jiangsu province have issued new policies to spur...
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Fintech

Chengdu Grabs Approval for Fintech Sandbox Trials, Joins Eight Other Chinese Cities

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The Sichuan province capital of Chengdu has become the ninth city in China to grab approval from the Chinese central bank to...
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Fintech

Chengdu Teams up with Chinese Central Bank on Ambitions to Create Regional Fintech Hub

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The People's Bank of China (PBOC) and the Sichuan-province capital of Chengdu have worked together to produce a plan for transforming the...
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Fintech

Chengdu Development Zone Grants Fintech Subsidies to 240 Companies

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The Sichuan capital of Chengdu has ambitions to establish itself as an international fintech hub with the provision of subsidies to a slew of...
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Banking

Shanghai Pudong Development Bank Extended USD$12.14bn in Credit to Shell Companies

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China's banking regulator has penalised the Chengdu branch of the Shanghai Pudong Development Bank for providing 77.5 billion yuan (USD$12.14 billion) in loans to...
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Banking

SPD Denies Losing 160bn Yuan to Shell Companies in Chengdu

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Shanghai Pudong Development Bank (SPD) has countered claims that the bank's Chengdu branch was defrauded of billions of yuan. Chinese media reports from early April claimed...
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Most Read

China Construction Bank VP Lu Jiajin Expected to Assume Chairmanship of Industrial Bank Following Two Year Vacancy

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The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...
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Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

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The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...
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China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

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Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...
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Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

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The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...
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