Wednesday, January 27, 2021
Tags Chinese capital controls

Tag: Chinese capital controls

Chinese Banks Tighten Foreign Cash Withdrawals, Heighten Customer Scrutiny

The Chinese central bank has tightened its capital controls, with domestic lenders ordered to increase their scrutiny of frequent US cash withdrawals...

PBOC “Declares War” on Short Sellers with Suspension of Shanghai Free-trade Accounting Unit System

The Chinese central bank has placed restrictions on commercial banks using free trade zones to deposit or lend renminbi funds abroad via certain types...

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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...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...