Thursday, April 15, 2021

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Banking

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Finance

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

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The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Economy

Chinese CPI Bounces Back into Positive Territory in March

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China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Banking

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

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Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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Banking

Bank of Jiangsu Becomes First Lender in China to Launch Carbon Neutrality Financing Campaign

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Bank of Jiangsu has become the first lender in China to launch a carbon neutrality campaign as part of efforts to expand...
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Banking

PBOC Commits to Preventing Loan Funds from Seeping into Property Market, Warns of Organised Criminal Activity in Some Cities

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The Chinese central bank has reiterated the need to prevent the illicit use of funds from bank loans for investment in the...
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