China’s Experience in Digital Financial Inclusion [1] 1. Background Financial inclusion is the next step in the evolution of financial systems and has played a key role in the development of China’s finance. Before 1978, China’s macro economy was primarily regulated through fiscal policies, first establishing a modern banking system in 1985 with the creation
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SHENZHEN, China, July 29, 2021 /PRNewswire/ — WeBank, the world’s leading digital bank and the first digital-only bank in China, participated in the Finance China 2021 Conference in conjunction with The Asian Banker China Awards 2021 held in Beijing by The Asian Banker. Speaking at the event, Gong Li, the General Manager of Corporate Banking
A Chinese and an Australian flag China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. Relations have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei from building its 5G network. Last year, China imposed
The 5th Conference of the NI HAO CONECTA 世界 series of international conferences brought together leading figures in internationalisation and business development from China and Latin America at the PONS Foundation in Madrid on Wednesday with the aim of strengthening business relations between the three regions. Opportunities in different sectors of the economy such as
HONG KONG, July 14 (Reuters) – Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers’ threats have deepened investor concerns about the property sector, which
(Bloomberg) — China’s bank and property stocks rose after regulators sought to defuse a growing consumer boycott of mortgage payments by urging banks to increase lending to developers so they can complete unfinished housing projects. Most Read from Bloomberg The guidance from the China Banking and Insurance Regulatory Commission was issued in response to the