Friday, October 23, 2020
Tags Chengdu

Tag: Chengdu

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

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Fintech CBNEditor - 0
Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...
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China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

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China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).
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Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

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Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...
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PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

Fintech CBNEditor - 0
A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...
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