Wednesday, April 14, 2021
Tags Chinese digital finance

Tag: Chinese digital finance

Beijing Municipal Authorities to Establish More Digital Renminbi Testing Zones, Digital Finance System and Data Trading Regulations

The Beijing municipal government has flagged the launch of more trial zones for China's central bank digital currency (CBDC), as well as...

Haier Group and Shanghai Pudong Development Bank Launch Digital Transactions Credit Laboratory in Qingdao

Consumer electronics giant Haier has teamed up with regional lender Shanghai Pudong Development Bank (SPD Bank) to launch a fintech laboratory in...

UnionPay Launches New Digital Bank Card Integrated with QuickPass App

Chinese payments giant UnionPay has launched a new digital bank card which is integrated with its QuickPass app.

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...