Monday, October 26, 2020
Tags Chinese private enterprise

Tag: Chinese private enterprise

Xi Jinping Calls for Greater Guidance of Private Economy by Chinese Communist Party

President Xi Jinping has called for the Chinese Communist Party (CCP) to play a greater role in leading and guiding China's private...

ACFIC Calls for Allowing Foreign Capital to Invest in China’s Private Banks

China's leading non-governmental chamber of commerce has called for the regulators to provide fairer treatment to private banks via the loosening of...

China’s Large-scale Industrial Companies Post 3.3% Profit Decline in 2019, Private Enterprises See 2.2% Increase

Official data points to a sizeable decline in the profits of China's large-scale industrial enterprises in 2019, with the noteworthy exception of...

Beijing Launches New Measures to Bolster Financial Support for Private Enterprises

The Chinese central government has launched new measures to boost and diversify financing channels for private enterprise in China, with an especial...

Domestic Private Enterprise Ousts Foreign-invested Enterprise as Chief Driver of Chinese Foreign Trade

Official data indicates that in 2019 domestic private enterprises emerged as the main driver of China's foreign trade for the first time,...

Beijing Flags Opening of Power, Telecoms, Rail, Oil and Gas Sectors to Private Competition

The Chinese central government has issued a directive which calls for loosening of the conditions for private enterprise to operate in the...

Huawei Tops Latest List of China’s 500 Leading Private Enterprises, JD.com Takes 6th Place

Tech giant Huawei has come in first on the latest list of China's top 500 private enterprises, while e-commerce platform JD.com has...

Municipal Banks in China Must Specialise, Focus on Private Enterprise and Financial Inclusion: Bank of Zhengzhou Head

The chief of one of China's leading municipal commercial banks says it and its peers need to specialise in order to survive...

Beijing Launches Private Enterprise Growth Drive, Will Cut Taxes and Fees by Nearly 2 Trillion Yuan

The Chinese central government has signalled the launched of heightened measures to drive the growth of companies in the private sector in...

PBOC’s Shanghai Branch Launches Measures to Support Private Enterprise and Tech Firms

The Shanghai branch of the Chinese central bank has launched new measures to support financing for local private enterprises and tech companies. On 22 November...

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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...