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Thursday, November 26, 2020
Tags Shenzhen

Tag: Shenzhen

Beijing, Shanghai and Shenzhen Raise Minimum Wage Above 2000 Yuan

At least 22 regional administrative entities around China have raised their monthly minimum wage levels since the start of the year, with five local...

Shenzhen Banks Suspend Consumer Loans Due to Real Estate Speculation Concerns

Multiple banks in the southern Chinese manufacturing hub of Shenzhen have suspended the provision of consumer loans due to concerns over their illicit use...

Beijing, Jiangsu, Shenzhen Crack Down on Use of Consumer Loans for Property Investment

Banking regulators in several parts of China are targeting the surging use of consumer loans to fund down payments for real estate purchases. Over the...

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One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...