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Wednesday, November 25, 2020
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Tag: Internet

China’s Telecoms Sector Posted 76.4% YoY Growth in 2017

The latest official data points to surging growth in China's telecommunications sector in 2017. Speaking at the 2017 Industrial Telecommunications Sector Growth BriefingĀ held by the...

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...

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China Leads World in Cross-border Data Flows with 23% Global Share

China has emerged as the world's firm leader when it comes to cross-border data flows as its digital and online economies continues...

Competitiveness of Banks Will Lie in “Data + Algorithms” in Future: Agricultural Bank of China

A senior official from one of China's big six state-owned banks has highlighted the critical role that fintech will play in shoring...

Chinese Banks Are “Quenching Their Thirst with Poison” by Selling Depository Products via Online Finance Platforms: PBOC Official

Chinese regulators have turned their attention to the use of online lending platforms by smaller banks to draw funds from retail customers...

Digital Renminbi Will Reshape Banking and Payments Sectors, Enhance Monetary Policy and Economic Adjustments: Chinese Think Tank Experts

Experts from the Chinese Academy of Social Sciences (CASS) and the National Institution for Finance & Development (NIFD) see the digital renminbi...