Monday, January 25, 2021
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Tag: Chengdu

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

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

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

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

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

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

Chengdu Development Zone Grants Fintech Subsidies to 240 Companies

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

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

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...

SPD Denies Losing 160bn Yuan to Shell Companies in Chengdu

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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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...