Sunday, April 18, 2021
Tags Shenzhen

Tag: Shenzhen

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

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

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.

China Holds 3rd Digital Renminbi Lottery in Shenzhen, Issues 20 Million Yuan to Consumers

China has just held a third lottery for the issuance of digital renminbi to Chinese consumers that greatly expands the scope of...

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.

Shenzhen Unveils China’s First “Comprehensive” Data Legislation, Requires Express Consent for Gathering of Personal Data

The southern tech hub of Shenzhen has unveiled the first far-reaching legislative bill covering the collection and usage of data.

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.

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...

Shenzhen Set for More Digital Renminbi, Renminbi Internationalisation Trials as Part of Municipal Reform Program

China's State Council has just unveiled an ambitious new reform program for the southern tech hub of Shenzhen that outlines major fintech...

Shenzhen Uses Blockchain-driven Lottery to Distribute Digital Renminbi, Spur Local Consumption

The southern Chinese tech hub of Shenzhen is using a lottery system to distribute the digital renminbi to local citizens.

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Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...

MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability

The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...

PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments

The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...