Wednesday, January 20, 2021
Tags National Audit Office

Tag: National Audit Office

China’s Audit Office Considers Blockchain for National Data Management

China's National Audit Office has revealed a proposal for the use of blockchains to improve data management procedures. NAO is responsible for the auditing of...

Local Government Continues to Lift Debt Levels Illegally: National Audit Office

China's National Audit Office has revealed that many local governments are continuing to raise funds in breach of regulations despite heavier scrutiny from Beijing,...

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TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...

China’s Loan Prime Rate Unchanged for Nine Straight Months in January

Chi­na’s loan prime rate (LPR) has re­mained un­changed for the ninth consecutive month in January 2021.

China’s Financial Sector Saw Added Value Gain of 7% in 2020 to Hit USD$1.3 Trillion

The Chinese financial sector saw a sizeable improvement in its performance in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

Guo Shuqing Denies China Plies State Monopoly Capitalism, Says State-owned Enterprises Bear Twice the Tax Burden of Private Companies

The senior-most official in China's banking regulatory system has stressed the importance of the role played by the rapidly expanding private sector...