Friday, September 24, 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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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.