Financial Services
China improves regulatory system to address fintech challenges: official2021-10-18
China has made continuous efforts on shoring up weak links in the financial regulatory system in the face of new challenges posed by financial technology, Yi Gang, governor of the People's Bank of China, has said.
China strengthens financial support for coal, electricity production2021-10-18
China's top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market.
Property purchasers to get more safeguards2021-10-18
The cut in the mortgage rate in several Chinese cities, which came after a rare reference by China's central bank to property market stability, may suggest more sophisticated measures regarding housing loans are in the pipeline to safeguard the healthy development of the real estate market and protect homebuyers' lawful rights, said industry experts.
Chinese banking sector's net external liabilities at 107.2 bln USD2021-10-18
China's banking sector had 1.5415 trillion U.S. dollars of external financial assets, while its external liabilities stood at 1.6487 trillion U.S. dollars, resulting in net external liabilities of 107.2 billion U.S. dollars at the end of June.
China sees booming development in green finance2021-10-18
China has seen a big boom in developing green finance, which plays a vital role in promoting the country's green economic transformation, data from the central bank showed.
New yuan loans rise in Yangtze River Delta in August2021-10-18
New yuan loans in the Yangtze River Delta region stood at 342.5 billion yuan (53.02 billion U.S. dollars) in August, 68.9 billion yuan less than the same period last year.
Forum pushes for green financing to help low-carbon transition2021-10-18
Senior Chinese officials and policy advisers have called for more market-based moves to promote a low-carbon transition, including giving full play to the pricing mechanism in green finance and accelerating the development of carbon accounting.
Virtual currencies in the crosshairs of authorities2021-10-18
China's central bank and nine other government departments jointly announced a crackdown on illegal services and trading of virtual currencies on Friday.
More support pledged for private businesses2021-10-18
China will strengthen credit information connection and sharing between enterprises and finance institutions to meet financing demand from small and micro businesses, and efforts will be made to ensure support for private businesses is delivered in a timely manner and in full, officials and an analyst said on Friday.
Green finance grows to meet carbon goals2021-10-18
China has seen more financial resources funneled toward green projects as it embarks on the path of carbon neutrality, according to a report published on Wednesday, which coincided with the first anniversary of the announcement of the country's ambitious climate targets.
China to expand cross-border use of RMB2021-10-18
China will expand the use of its currency, the renminbi (RMB), in cross-border payments amid efforts to advance RMB internationalization, said a central bank report released on Saturday.
Chinese banks log forex settlement surplus in August2021-10-18
China's banks saw a net forex settlement surplus of 88.4 billion yuan (13.6 billion U.S. dollars) in August, the country's forex regulator said Friday.
Lengthy QE moves abroad striking alarm2021-10-18
China's former central bank governor warned of the negative effects arising from prolonged monetary easing in some advanced economies, as asset prices are rising to record highs.
China launches Wealth Management Connect pilot scheme in Greater Bay Area2021-10-18
The Wealth Management Connect (WMC) pilot scheme facilitating the purchase of wealth management products (WMPs) in the Guangdong-Hong Kong-Macao Greater Bay Area was launched on Friday.
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