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Tuesday, January 19, 2021
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COVID-19
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COVID-19
Economy
Tencent’s WeBank Wins Award for Supporting COVID-19 Containment Efforts in China
CBNEditor
-
January 13, 2021
0
Tencent-backed digital lender WeBank has won an award for its contribution to efforts to contain the impacts of the COVID-19 pandemic in...
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Economy
Foreign Companies Will Not Flee China Despite Impacts of COVID-19 on Global Economy: Deputy IMF Director Zhu Min
CBNEditor
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October 19, 2020
0
One of China's leading economists says that the COVID-19 pandemic and its related impacts will not compel foreign companies to withdraw from...
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Banking
PwC Highlights Five Areas of Challenge and Opportunity for Chinese Banks
CBNEditor
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September 24, 2020
0
A new report on the Chinese banking sector from international consulting firm Pricewaterhouse Coopers (PwC) has identified five key areas of "challenge...
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Economy
Chinese Economists Upbeat about COVID-19 Recovery in Q3 2020: CASS Survey
CBNEditor
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September 23, 2020
0
A new survey conducted by one of China's leading think tanks found that respondents expect the Chinese economy to stage a substantial...
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Economy
Chinese Power Consumption Rises to Record High in August, NDRC Hails Sign of Post-COVID 19 Economic Recovery
CBNEditor
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August 27, 2020
0
Chinese electricity consumption levels have lifted to an unprecedented high in the month of August, with the central government pointing to the...
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Banking
Financial Leverage to Hit 265% of China’s GDP by 2021, Credit Efficiency to Fall to Five Year Low: Fitch Ratings
CBNEditor
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July 30, 2020
0
Fitch Ratings expects the COVID-19 pandemic to bring the credit efficiency ratio of Chinese banks to a five-year low.
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Economy
Chinese Industrial Enterprises See 4.8% YoY Profit Rise in Second Quarter
CBNEditor
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July 28, 2020
0
Industrial enterprises in China have seen their profit levels post robust growth in the second quarter of 2020 despite the economic impacts...
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Banking
Moody’s Expects Asset Quality of Chinese Banks to Be Hit by COVID-19 Before End of 2020
CBNEditor
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July 25, 2020
0
Rating's agency Moody's expects the impact of the COVID-19 pandemic on the asset quality of banks to make themselves apparent in six...
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Economy
IMF Should Use SDR General Allocation to Deal with COVID-19: Chinese Central Bank Governor
CBNEditor
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July 20, 2020
0
Yi Gang (易纲) governor of the Chinese central bank, has published an essay calling for the International Monetary Fund (IMF) to make...
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Finance
China Steps up Government Bond Issuance in 2020 to Deal with COVID-19 Impacts
CBNEditor
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July 20, 2020
0
The Chinese government has highlighted a sharp increase in the issuance of sovereign bonds at various levels in order to mitigate the...
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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions
Fintech
CBNEditor
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January 18, 2021
0
The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
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NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021
Economy
CBNEditor
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January 18, 2021
0
China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...
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China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%
Economy
CBNEditor
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January 18, 2021
0
Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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China Bans Banks from Selling Depository Products via Third Party Online Platforms
Fintech
CBNEditor
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January 18, 2021
0
Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...
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