Friday, September 24, 2021
Tags Finance

Tag: Finance

New RMB Lending for July Expected to Rise 72.6% YoY, M2 Growth Seen Bouncing Back

A new survey of analysts sees new lending of 800 billion yuan in July, for a slide compared to the preceding month yet a...

Debt Clampdown Compels Local Government to Renege on Bank Commitment Letters

A clampdown on local government borrowing practices by Beijing is already having an impact on regional finance, putting authorities in the difficult position of...

Are Financing Costs Easing for Chinese Enterprise?

A new study from the Chinese Academy of Fiscal Science indicates that policy measures could be proving effective at tamping down the cost of...

China’s Central Bank Says Smooth, Orderly Deleveraging Must Continue

The assistant governor of China's central bank has said that it will continue to pursue a "smooth and orderly" deleveraging that will reduce the...

Ministry of Finance Claims Success in Curbing Local Government Debt

Beijing says that government debt risk still lies within "controllable" limits, while also resolving to dissipate accumulated local government financial risk and control growth...

China’s Economy is Already Over Financialized: Vice-head of NPC Standing Committee

The former vice-chairwoman of the 10th Standing Committee of China's National People's Congress said one of the byproducts of the breakneck growth of the...

Central Government Warns Against Reversal of Deleveraging to Drive Growth

One of the Chinese government's senior-most financial authorities has warned against reversing the ongoing deleveraging efforts of regulators just for the purpose of propping...

Moody’s Upgrades Outlook for China’s Banking System from Negative to Stable

Moody's Investor Services has just revised it outlook for China's banking system from negative to stable, following the implementation of concerted policy measures to...

China’s Financial System a Conduit for Channelling Funds to Infrastructure, Real Estate: CASS Report

A new research report from one of China's leading think tanks indicates that asset management companies are serving as a conduit for channeling funds...

Top Financial Think Tank Says China Can Learn from America’s Mistakes

The head of one of China's top think tanks says that the heavy emphasis placed upon regulation of the Chinese financial sector comes as...

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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.