Monday, October 26, 2020
Tags Chinese finance

Tag: Chinese finance

China’s Top Finance Regulators Send Raft of Policy Signals at 2020 Financial Street Forum

Senior officials from the People's Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) and the China Securities Regulatory...

Beijing Unveils New Measures for Improving Quality of China’s Listed Companies

The State Council has issued a new directive for driving improvements to the quality and corporate governance levels of China's listed concerns....

France’s Amundi Launches China’s First Foreign-invested Wealth Management JV

The first Sino-foreign joint-venture in the Chinese wealth management sector has just officially commenced operation in Shanghai.

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...

STAR Market’s First ETF’s Gives Retail Investors Access to Chinese Tech Giants

The recent approval of the first batch of exchange-traded funds (ETF) for the Shanghai Stock Exchange's STAR Market will give domestic retail...

China Steps up Scrutiny of Supply Chain Financing

The Chinese central government has issued a new directive stepping up regulatory scrutiny of supply chain financing, due to concerns over abusive...

China Targets 4 “Pain Points” of Cross-border RMB Transactions to Drive Foreign Trade

The Chinese central government hopes to improve foreign trade and investment by focusing on the resolution of four major "pain points" when...

China Sees Issuance of 6 Trillion Yuan in Bonds in August

The latest data from the Chinese central bank indicates that China saw the issuance of nearly 6 trillion yuan (approx. USD$884.15 billion)....

CBIRC Warns of Fraudulent, High Yield Products During September Financial Literacy Campaign

China's banking regulator has issued domestic investors with a warning on the perils of fraudulent financial products during a nationwide campaign to...

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

Big state-owned lender Bank of China (BOC) has just entered a new strategic agreement with the municipal government of Shanghai.

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...