Tuesday, October 27, 2020
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Tag: JPMorgan

JPMorgan Grabs Approval for China’s First Fully Foreign-owned Futures Firm

Storied Wall Street bank JPMorgan is set to become the first foreign bank to fully own a futures business in China after...

China’s Debt to GDP Ratio Declines for the First Time in Nearly Six Years

Beijing's ongoing deleveraging campaign appears to be proving effective, as China's debt load as a percentage of gross domestic product declines for the first...

JPMorgan Forecasts 6.7% Growth in 2017, Sees Risk for Chinese Economy in Real Estate and Deleveraging

JPMorgan remains concerned about impact of the property market and the potential risk generated by the central bank's tightening measures on the Chinese economy, yet expects...

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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...

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...