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Thursday, November 26, 2020
Tags Shenzhen

Tag: Shenzhen

Shenzhen Targets Risk in Relation to Local P2P Lending Platforms

The Shenzhen municipal authorities are stepping up their crackdown on risk in relation to P2P lending platforms. On 31 October the Shenzhen Municipal Internet Information...

Shenzhen Issues Draft Version of China’s First Local Standards for Financial Blockchain Platforms

The Shenzhen municipal government has just issued China's first local standards for financial blockchain platforms. The Shenzhen Municipal Government Financial Services Office (深圳市金融办发布) said that...

Shenzhen Restaurant Issues China’s First Blockchain-based E-Fapiao

The Shenzhen tax authorities have teamed up with online giant Tencent to help issue China's first blockchain-based electronic "fapiao" invoice. On 10 August a restaurant...

Five Chinese Cities Restrict Housing Purchases by Companies, Beijing Expected to Follow Suit

Five of China's major cities have imposed restrictions on the purchase of housing by companies, amidst the broader implementation of real estate market controls...

Is Huawei “Fleeing” Shenzhen Due to Sky-high Housing Prices?

Domestic media reports that telecommunications giant Huawei Technologies Co. is moving key staff and facilities from the southern Chinese commercial hub of Shenzhen to...

Beijing, Shanghai and Shenzhen Account for 60% of Chinese Venture Capital

A new report from one of China's leading think tanks indicates that the megacities of Beijing, Shanghai and Shenzhen grab the king's share of...

Shenzhen’s GDP Outstrips Hong Kong and Singapore’s

The latest official data indicates that the GDP of the southern Chinese manufacturing hub of Shenzhen ranks third amongst major Chinese cities. The latest official...

Borders Officially Abolished Around Shenzhen Special Economic Zone

The Chinese government has brought an official end to the border surrounding the original Shenzhen Special Economic Zone, which was established nearly four decades...

Shenzhen Housing Prices Post 15th Consecutive Month of Decline in December

Housing prices in Shenzhen posted a modest fall in the final month of 2017, following the implementation of property market control policies on late...

Chinese Cities Post 18% YoY Decline in Home Transaction Floorspace for 2017

The Chinese government's launch of real-estate control policies in March has led to sizeable year-on-year plunges in urban home transaction volumes for 2017. According to...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...