Thursday, April 15, 2021
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Banking

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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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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Banking

PBOC Requires All Loan Products to Clearly Display Real Annualized Interest Rates

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The Chinese central bank has launched strict disclosure requirements for the interest rates of loan products due to concerns that many consumers...
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Fintech

Chinese Central Bank Sheds Further Light on Joint-venture with SWIFT

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The People's Bank of China (PBOC) has issued an official notice providing more information on Jinrong Wangguan Xinxi Fuwu Co., Ltd. (Financial...
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Banking

Chinese Small Businesses Will Take Flight on the Wings of Fintech: Central Bank Official

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A senior official from the People's Bank of China (PBOC) says that fintech will play a critical role in efforts to drive...
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Economy

Chinese Central Bank Issues New Guidelines on Development of Data Capabilities in Financial Sector

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The People's Bank of China (PBOC) has issued a new set of guidelines on the handling of financial sector data.
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Economy

PBOC Warns of Debt-saddled Private Companies, Calls for Creditors to Have Greater Say in Corporate Governance

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A senior official from the Chinese central bank has warned of the financial risk created by large-scale private enterprises amassing huge debt...
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Finance

PBOC Calls for Stricter Regulation of China’s Wholesale Finance Markets

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A senior official from the Chinese central bank has highlighted the need for greater regulation of wholesale transactions on China's financial markets....
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Banking

China’s Loan Prime Rate Unchanged for Tenth Straight Month after Lunar New Year

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Chi­na’s loan prime rate (LPR) has re­mained un­changed for the tenth consecutive month in February 2021, just following the close of the Lunar...
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Banking

Chinese Central Bank Flags More of the Same for Monetary Policy in 2021, No “Irrigation-style” Flooding

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A senior offical from the People's Bank of China (PBOC) has flagged the maintenance of moderate monetary policy settings in the wake...
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Fintech

Chinese Central Bank Outlines Six Key Points for Fintech Work in 2021

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The People's Bank of China (PBOC) has assembled a list of key focal points for its fintech policy efforts in 2021.
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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...
Read more

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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