Tuesday, April 20, 2021
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Tag: Chengdu

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

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

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

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...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

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