Friday, January 29, 2021
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Banking

Chinese Shadow Banking Sector Surged 21% in 2016: Moody’s

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A new study from Moody's points to surging growth in China's shadow banking sector, which skyrocketed by more than a fifth in 2016. Ratings agency Moody's...
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Ant Group Submits Blueprint for Conversion into Financial Holding Company to Chinese Authorities

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Jack Ma's beleaguered Ant Group plans to deal the concerns of Chinese regulators about its business operations by converting itself into a...
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China Construction Bank Issues over $3 Billion in Small Business Loan Bonds

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One of China's big state-owned banks plans to step up financial inclusion lending with the proceeds of its latest bond issue.
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Banks Behind over 90% of China’s 80 Fintech Sandbox Projects

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Banking sector financial institutions have emerged as the main force behind projects included in the fintech regulatory "sandboxes" launched by multiple cities...
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Chinese Central Bank’s Credit Reference Center Amasses Data on over 1.1 Billion People

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The Credit Reference Center (CRC) of the People's Bank of China (PBOC) says it has amassed credit information on more than one...
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