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1.
China's interbank lending rate increased to 2.92% in May 2013
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(Data Shorts)
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... total interbank lending turnover was 21.85 trillion yuan, and the daily turnover reached 993 billion yuan.
...
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Created on 18 June 2013
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2.
Credit cards are key for stimulating China's economic growth
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(Insight)
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From the data released by People’s Bank of China for the first quarter 2013, the transaction volume of bankcards has reached to 100.27 trillion RMB, which is a 7.7% increase from the first quarter in 2012. ...
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Created on 13 June 2013
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3.
China’s Bankcard Consumption Value Rose by 60% in 2013 Q1
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(Insight)
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... volume and value – accounting for 56% and 77%, respectively. At the end of 2013 Q1, the total circulation of bankcard in China reached 3.6 billion, increasing by 19% year-on-year, with 3.3 billion debit ...
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Created on 09 June 2013
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4.
Rapid Growth in China’s Trust Industry presents challenges
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(Insight)
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... the Chinese trust industry in China has reached new heights in profitability and penetration.
According to the China Trustee Association (CTA), the assets of the trust industry and industrial ...
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Created on 03 June 2013
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5.
China's Bank card issuance continues to increase
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(Data Shorts)
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... of debit cards issued was 3.65 billion and total credit card issuance reached to 0.34 billion. From Q1 2012, the issued bank cards have had a steady growing trend which indicates that bank cards have becoming ...
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Created on 28 May 2013
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6.
Number of Chinese Online Banking customers Increased again in 2012
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(Data Shorts)
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As the end of 2012, the total number of Chinese online banking registered users reached about 489 million. More specifically, according to the data released from Cebnet, CCB’s online banking customers ...
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Created on 20 May 2013
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7.
The Latest on Wealth Management in China
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(Insight)
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... been created and reached maturity. These matured products realized a 246.4 billion yuan return representing a 4.11% average annual yield for customers. This strong WMP return has brought significant profits ...
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Created on 08 May 2013
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8.
Sound Wave Payment – Alipay’s innovation on mobile payment
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(Insight)
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... value of mobile payments reached 151 billion RMB, surging by 90% yet still accounting for less than 9% of total internet payments – a sign of its great potential. Apart from third-party companies, the ...
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Created on 03 May 2013
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9.
China's Trust industry continues strong growth
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(Data Shorts)
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... number had reached about US$1.395 trillion representing a growth rate of about 16.7%. That growth rate is actually faster than the growth rate of bank loans / deposits, market growth of the securities ...
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Created on 24 April 2013
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10.
China e-Tail 2012 Event wrap-up: The Prospects for China’s e-commerce market
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(Insight)
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... of e-commerce reached 7 trillion RMB, a yoy growth of 40%. This figure is projected to rise to 18 trillion in 2015. Benefiting from the boom of e-commerce market, online shopping in China has become increasingly ...
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Created on 08 December 2012
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11.
China's Mobile Payment Business continues expansion
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(Data Shorts)
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... mobile payment users with a total transaction value of reached 25 billion RMB, 2.5 times as much as in 2011.
In 2012, other key players in China’s mobile payment market also expanded their business. ...
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Created on 14 November 2012
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12.
Top-5 Current Trends in China's Payments Industry
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(Insight)
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... reached 32 million, representing a year on year 34% growth rate. So far 43 commercial banks have the capability to issue IC cards and will continuously expand the proliferation of IC cards in China.
In ...
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Created on 04 July 2012
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13.
Cheaper valuations on the Shanghai A-Share market mean more investment opportunities for foreign tech firms, but for a limited time only
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(Insight)
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... high of above 2800; volatility, on the other hand, reached 15% in June 2012 from around 20% in the second half of 2011. The lower SSE index level suggests a cheaper valuation of Chinese stock market (low ...
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Created on 02 July 2012
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14.
China’s total online payment transaction value close to 700 trillion RMB in 2011
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(Data Shorts)
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According to PBOC (the People’s Bank of China), driven by the proliferation of online banking in China, in 2011 the total online payment transaction value reached 700 trillion RMB, with a 33% growth ...
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Created on 27 June 2012
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15.
China Telecom: the biggest RFID near field payment MNO in the world
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(Data Shorts)
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... main near payment solution, China Telecom’s total number of RFID-NFC mobile payment users have reached 10 million – making it the biggest RFID-NFC MNO in the world. Benefiting from its large 3G subscriber ...
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Created on 20 June 2012
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16.
Total credit card consumption continues to grow reaching RMB4.1T in 2011
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(Data Shorts)
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According to China’s Credit Card Report of 2011, the total number of credit card reached 290 million and the total value of consumption by credit card was 4.1 trillion RMB in 2011, accounting for 22.6% ...
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Created on 05 June 2012
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17.
As of May 2012, the total QFII quota reached 26 billion USD and is expected to continue to grow into the future
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(Data Shorts)
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According to China’s State Administration of Foreign Exchange, as of May 2012, the number of Qualified Foreign Institution Investors reached 141, and the total investment quota of QFII reached 26 billion ...
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Created on 31 May 2012
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18.
As of April 2012, the total quota of QDII reached 76.4 billion USD, with fund companies and securities companies holding the dominant position
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(Data Shorts)
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According to China’s State Administration of Foreign Exchange, as of April 2012, the total QDII investment quota reached 76.4 billion USD, and the number of Qualified Domestic Institution Investors ...
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Created on 30 May 2012
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19.
As of January 2012, the total quota of RQFII reached 20 billion RMB; will continue to grow in future
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(Data Shorts)
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... and the total quota reached 20 billion RMB. Among them, funds companies and securities companies each accounted for 50%. The latest news from China’s securities regulators indicates that the RQFII investment ...
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Created on 29 May 2012
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20.
Proportion of online retail sales as percentage of total retail sales in China continues to increase
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(Data Shorts)
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According to the National Bureau of Statistics, China’s total retail sales of consumer goods reached 18 trillion RMB and the number of online Shopping users reached 194 million. At the same time, in ...
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Created on 28 May 2012