Sunday, January 24, 2021
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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.