Saturday, February 27, 2021
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China Advances Cross-border Wealth Management Connect Initiative in Greater Bay Area

The Chinese government has issued a new directive to advance trials for a wealth management connect initiative linking the mainland market with...

Offshore Financial Institutions Distribute Chinese Local Government Bonds for the First Time

Financial institutions outside mainland China have been allowed to directly participate in the sale of Chinese local government debt for the first time. The Guangdong...

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Xi Jinping Hails “Complete Victory” in China’s Efforts to Eradicate Extreme Poverty

Chinese President Xi Jinping has publicly hailed the success of China's efforts to eradicate extreme poverty in the country's rural countryside.

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...