Wednesday, October 28, 2020
Tags Chinese savings

Tag: Chinese savings

China Has World’s Highest Wealth Accumulation Rate: Standard Chartered Report

A new report on savings rates and retirement expectations around the world found that China was host to both the highest wealth...

45% of Chinese Depositors Want to Save More: PBOC

A new report from the Chinese central bank indicates that nearly half of depositors surveyed want to increase their savings.

Growth in Chinese Household Deposits Drops from 18% to 7% since 2008

The latest official data points to a sharp decline in the growth rate of Chinese household deposits over the past decade-long period as gains...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...