Wednesday, April 14, 2021
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Fintech

Bitcoin Wealth Management Platforms Tout 40% Returns Despite Beijing’s Virtual Currency Crackdown

CBNEditor - 0
Bitcoin wealth management platforms in China continue to promise annualised returns of up to 40% to investors, despite Beijing's decision to ban a slew...
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Fintech

China’s Top Three Bitcoin Platforms All Suspend Virtual Currency Operations

CBNEditor - 0
All of China's three leading Bitcoin exchanges have announced the suspension of virtual currency operations, while the authorities are preventing their senior executives from...
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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

Banking CBNEditor - 0
The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

Finance CBNEditor - 0
The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March

Economy CBNEditor - 0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Banking CBNEditor - 0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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