Friday, September 24, 2021
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Financing Costs for Private Enterprise Still Excessively High: Yu Yongding

One of China's most influential economists says that problems with the banking sector are impeding its ability to service private enterprises and the real...

JPMorgan Wants Opening of Finance Sector to Pave Way for Solo Operation

JPMorgan Chase wants regulators to raise the cap on equity holdings by foreign investor, in the hope of expanding its wholly invested operations in...

Banking Regulator Flags Further Opening of Chinese Finance to Foreign Investment

The head of China's banking regulator has reiterated the central government's commitment to further liberalisation of the Chinese finance sector at the 19th National...

Expat Banking Veteran Says China’s Finance System Unlikely to Capsize

An American-born veteran of China's banking sector says that the country's financial system is fully capable of overcoming the risks and challenges that it...

US Threatens Chinese Banks with Sanctions If Pyongyang Isn’t Pressured

The US government has threatened Beijing with sanctions against China's biggest banks if it fails to bring greater economic pressure to bear upon North...

Central Bank Says Property Market Creating Major Risk for Financial Sector

One of the central bank's senior-most officials says that China's property market has become an acute source of risk for the financial system, and...

Chinese Regulators Step up Focus on Fintech with 1828 Fines in 2017

The People's Bank of China, China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission have jointly issued a total of 1,828...

State Media Says Regulatory Crackdown Bringing Shadow Banking to Heel

China's state media is touting the initial successes of ongoing efforts by regulators to clean up the country's finance sector and prevent systemic risk. An...

Fintech Operations of Chinese Internet Giants Undermine Credit Ratings: Moody’s

Moody's Investors Services says that the Fintech operations provided by China's leading Internet companies serve to weaken their credit quality and ratings. In a recent...

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...

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PBOC Governor Reiterates Commitment to Full Regulation of Fintech, Anti-trust Enforcement for Internet Platforms

The head of the Chinese central bank has reiterated the official position that all forms of financial activity in China must be...

PBOC Plans to Set Ceiling on Offshore Lending by Chinese Commercial Banks, Expand Renminbi Lending Scope

China's top financial regulators plan to put curbs on the offshore loan balance of the country's commercial banks, while also freeing up...

Ant Group’s Huabei Delivers Big Data to Chinese Central Bank’s Credit System

One of China's leading consumer finance platforms originally developed by Jack Ma's Ant Group has been integrated into the credit system of...

China Rises Two Spots in WIPO’s Innovation Index for 2021

China has continued to rise in the World Intellectual Property Organisation's (WIPO) ranking of global economies on the basis of innovative capability.