Monday, October 26, 2020
Tags First tier cities

Tag: First tier cities

Housing Price Growth in First-tier Cities Eases for 15th Consecutive Month

The latest official data points to year-on-year housing price growth in China's first-tier cities easing for the 15th consecutive month in December 2017, with...

New Housing Transaction Volume Drops 20% YoY in First Half of July

A new report points to a sharp decline in new home transactions in Chinese cities for the opening half of July. The report released by...

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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...

Digital Lender XWBank Sees Q3 Profits Rise 32%

Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...

Renminbi Internationalisation Will Be Guided by the Market, Regulators Must Reduce Cross-border Restrictions: Chinese Central Bank Head

The governor of the People's Bank of China (PBOC) has highlighted the key role of market forces in broader efforts to expedite...