Wednesday, October 21, 2020
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Tag: Trust products

Shadow Banking in China is Becoming More Interconnected and Complex: BIS

A new working paper from the Bank for International Settlements points to the increasing complexity of China's shadow banking sector as it undergoes key...

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Chinese GDP Growth Rises to 0.7% in Third Quarter

China's GDP growth for the first three quarters of 2020 has entered positive territory despite the initial economic impacts of the COVID-19...

Huang Jianhui Calls for Creation of “Aircraft Carrier Fleet” of Chinese Banks and Enterprises for Expansion into Overseas markets

A leading Chinese economist has called for the country's banks and enterprises to join together in a concerted effort to expand their...

Loan Prime Rate Remains Unchanged for Sixth Consecutive Month in October

Chi­na’s loan prime rate (LPR) for October has re­mained un­changed for the sixth consecutive month.  The...

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...