Tuesday, March 2, 2021
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Tag: Shanghai

Beijing, Guangdong, Shanghai All Stress Digital Renminbi, Financial Opening in 2021 Government Work Reports

Several of China's biggest regional economies have outlined plans to accelerate digital renminbi trials and financial opening measures in their government work...

Shanghai, Beijing and Shenzhen Top List of China’s Top 50 Cities in Terms of 2020 GDP

Shanghai and Beijing have topped a new ranking of China's leading cities in terms of estimated economic output in 2020.

Shanghai, Beijing, Shenzhen Top 2020 List of China’s 31 Leading Financial Centres

A new ranking of China's top financial centres puts Shanghai, Beijing and Shenzhen at the top of the list.

Shanghai Flags Launch of Digital Renminbi Trials

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

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

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

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

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

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

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

Bank of China and Shanghai Government Enter Strategic Cooperative Agreement

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

Shanghai Will Continue to Open Capital Account: Chinese Central Bank

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

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

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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Over 20 Chinese Provinces Include Blockchain Development Goals in 2021 Government Work Reports

China's regional authorities have flagged their commitment to the development of their local blockchain sectors with mention of the technology appearing in...

China Bans Regional Banks from Accepting Cross-border Deposits

The Chinese central bank has prohibited regional banks from accepting deposits from cities where they do not have physical branches, in a...

Shenzhen’s State-owned Assets Authority Grabs 23% Stake in Suning.com

The state-owned assets authority of the Shenzhen municipal government has just acquired a sizeable stake in Shenzhen-listed retail giant Suning.com (苏宁易购) via...

Chinese Mobile Internet Users Hit 986 Million

The latest official data indicates that the number of people in China who access the Internet via their mobile phones is fast...