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Wednesday, November 25, 2020
Tags Chinese state media

Tag: Chinese state media

China Could Cut Taxes by 5 Trillion Yuan over 5 Years, Enterprise Income Tax Set to Fall to 20%: State Media

Chinese state media has pointed to the possibility of as much as five trillion yuan in tax cuts over the next five years as...

State Media Says China’s Tech Giants Are Shying away from Finance

China's incumbent online giants are abandoning efforts to expand directly into the financial sector themselves, to focus instead on the provision of technical services...

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China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...

China’s Banking Authority Steps up Regulation of Trust Company Shareholders, Corporate Governance

The China Banking and Insurance Regulatory Commission (CBIRC) has issued new regulations concerning the shareholders and corporate governance of domestic trust companies....

Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...