Monday, January 18, 2021
Tags Standard Chartered

Tag: Standard Chartered

HSBC and Standard Chartered Announce Support for China’s National Security Law, Incur Wrath of UK Politicians

Two leading British banks with operations in Hong Kong have announced their support for the highly controversial National Security Law mooted by...

Standard Chartered’s Virtual Bank Mox Announces the Launch of Trial Operations in Hong Kong

Standard Chartered's virtual bank Mox has just launched a trial run of its online services in Hong Kong.

Standard Chartered Completes China’s First Offshore E-Wallet Cross-border Renminbi Direct Debit Settlement Transaction

Standard Chartered (China) announced on 15 October that it had successfully completed the first offshore e-wallet cross-border renminbi direct debit funds settlement...

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform

A consortium of twelve banks including HSBC and Standard Chartered have teamed up with the Hong Kong Monetary Authority (HKMA) to launch a new...

Standard Chartered Becomes First Foreign Bank to Apply for Fund Custodian Status in China

Standard Chartered China has become the first foreign-invested bank to apply for fund custodian status in the wake of an easing of restrictions on...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...