Sunday, November 29, 2020
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Fintech

Shanghai Flags Launch of Digital Renminbi Trials

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The Chinese financial hub of Shanghai is set to join the list of cities where trials of China's central bank digital currency...
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Fintech

Digital Renminbi on Track for Trade Finance Trials in Shanghai, Experts Forecast Boost to International Usage

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The Chinese central bank digital currency (CBDC) is set for new trade-related application trials in the financial centre of Shanghai following the...
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Fintech

Beijing, Shanghai and Guangdong Province Home to 70% of China’s Top Internet Firms

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A new report has found that China's digital and Internet economy remains heavily concentrated in giant urban centres of Beijing, Shanghai and...
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Fintech

Ctrip Obtains Payments License via Acquisition of State-owned Propaganda Firm in Shanghai

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Online travel booker Trip.com Group Limited (formerly Ctrip.com) has just obtained full ownership of a fintech vehicle previously held by the propaganda...
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Banking

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

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Big state-owned lender Bank of China (BOC) has just entered a new strategic agreement with the municipal government of Shanghai.
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Economy

Shanghai Will Continue to Open Capital Account: Chinese Central Bank

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A senior official from the People's Bank of China (PBOC) has flagged further opening of the capital account the Chinese financial hub...
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Finance

Is China’s National Security Law the Nail in the Coffin for Hong Kong as Global Financial Hub?

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China's recent mooting of a national security law in response to more than a year of intense civil unrest in Hong Kong...
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Economy

First Quarter Disposable Incomes in China Drop 3.9% YoY in Real Terms Following COVID-19 Outbreak

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Official data indicates that disposable incomes in China saw a sizeable decline in the first quarter amidst efforts to contain the spread...
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Finance

Shanghai Emerges as World’s Leading IPO Destination in the First Quarter of 2020

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Shanghai took first place internationally in terms of the collective value of the initial public offerings (IPO) it hosted in the first...
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Banking

China Aims to Transform Shanghai into International Finance Centre, Key Trials to Take Place in Lingang New Area

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The Chinese government has issued a new directive calling for the acceleration of Shanghai's transformation into an international financial hub, with an...
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Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

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Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."
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Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

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Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.
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Liu He Sheds Light on China’s Dual Circulation Development Strategy

Economy CBNEditor - 0
One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...
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International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

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Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.
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