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Wednesday, November 25, 2020
Tags China 2025

Tag: China 2025

Chinese Banks Expected to Lend More to Advanced Manufacturing, Financial Inclusion

Chinese banks are expected to channel more funds to the advanced manufacturing sector, micro-enterprises and financial inclusion areas, as regulators tighten curbs on real...

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China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...

China’s Banking Authority Steps up Regulation of Trust Company Shareholders, Corporate Governance

The China Banking and Insurance Regulatory Commission (CBIRC) has issued new regulations concerning the shareholders and corporate governance of domestic trust companies....

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...