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Wednesday, November 25, 2020
Tags Economics

Tag: Economics

Growth in China’s Core Shadow Banking Rises to Three Year High: Moody’s

A new report from ratings agency Moody's Investors Service indicates that growth in core Chinese shadow banking has risen to its highest level since...

Urban Unemployment Remains Below 5% in May

Official data indicates that China's urban unemployment levels have held steady despite easing economic growth and ongoing efforts by the government to expunge excess...

China’s January-May Trade Surplus Contracts 21% YoY

The latest official data indicates that the total value of China's net exports was 10.76 billion yuan for the first five months of 2017. According to...

M2 Year-on-Year Growth Expected to Hit 11.2% in March

On the eve of the release of key economic and financial data by China's central bank, economists foresee an expansion in the M2 money supply...

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One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...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