Sunday, January 24, 2021
Tags Chinese household assets

Tag: Chinese household assets

Household Financial Assets in China Rise 7.4% During Spread of COVID-19

A near ten percent rise in deposits has driven a sizeable increase in the financial assets of Chinese households during the first...

Average Household Assets in Beijing and Shanghai Exceed USD$1 Million, Homeownership at 96%: Central Bank Report

A new survey from the Chinese central bank highlights high levels of home ownership and household assets in urban parts of China....

Most Read

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...