Sunday, January 24, 2021
Tags Chinse blockchain

Tag: Chinse blockchain

New Rules for Assessment of Blockchain Financial Applications Issued by Chinese Central Bank

The People's Bank of China (PBOC) has just issued a new set of standards for assessing the application of blockchain technology in...

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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...

China’s Non-Performing Loan Ratio Declines 0.06 Percentage Points to 1.92% in 2020, Banks Dispose of Record-breaking 3.02T Yuan in Bad Debt

Official data points to a slight decline in the non-performing loan (NPL) ratio of Chinese banks in 2020, despite the adverse impacts...