Friday, January 22, 2021
Tags Xu Zhong

Tag: Xu Zhong

Open Clash between PBOC and MOF over Chinese Fiscal Policy Continues

The head of the Chinese central bank's research department has launched further criticism of China's fiscal policies after triggering a rare round of open...

Senior Policy Figures Argue over China’s Fiscal Stimulus

Some of the most influential figures in China's economics policy sphere are engaging in public argument over the proper extent and nature of ongoing...

PBOC Says China’s Fiscal System Reason Behind Its Leverage Woes

The head of research for the Chinese central bank has imputed China's leverage-related risk to problems with the country's fiscal and taxation system, and...

PBOC Outlines Changes to Regulatory System After Banking and Insurance Merger

Xu Zhong (徐忠), the head of the People's Bank of China's research department, has outlined key changes to the country's financial regulatory system that...

Let Local Governments Go Bankrupt Like Detroit in 2013: Chinese Central Bank

One of the Chinese central bank's senior-most officials has called for Beijing to completely abolish its control of local government bond issuance, and allow...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.