Tuesday, May 18, 2021
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State Media Calls for China’s Finance Sector to Better Service Real Economy

China's official press agency has published an editorial calling for the country's financial sector to channel more funds to the real economy. The latest editorial piece...

One Belt One Road Will Spur RMB Internationalisation: PBOC Head

The head of the Chinese central bank has highlighted the key role that the One Belt One Road initiative will play in advancing internationalisation of the RMB. In...

Foreign Fiscal, Monetary Policy Puts China’s Financial Security at Risk: Xi Jinping

The Chinese president has pointed to the fiscal and monetary policies of other nations as potential sources of risk for China's finance sector. State media reports...

China’s Politburo Flags Continued Focus on Supply Side Reforms

The Chinese Politburo has indicated that supply side reforms will remain a key focal point of economic policy on the road ahead. The most recent meeting of...

Growth in China’s Off Balance Sheet Financing Accelerates

The latest data from China's central bank indicates its macro prudential assessments have been able to curb accelerating growth in off balance sheet financing by lenders. Figures...

New Online Settlement Platform Could Help Chinese Fintechs Sidestep Banks

China has just launched the trial run of its "Non-banking Payment Organisation Internet Payment Settlement Platform" (非银行支付机构网络支付清算平台), in a move which is set to shake up...

Big Banks Vie for a Piece of Xiongan New District

Leading financial institutions are competing for footholds in the Xiongan New District, an urban area which is set to be three times the size of New...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...