China is beginning to open its financial sector with the approval of three privately owned banks, extending the wave of financial reforms aimed at boosting China's changing economy.
Kapronasia's ATMs in China 2014 webinar and slides are now available in the webinar section of the website or by clicking here.
Currently there are 637 companies on the IPO list in China and their prospectuses, published by the China Securities Regulatory Commission, reveal business intelligence, previously not available for public.
PBoC’s 2013 annual report shows that foreign banks in China showed steady growth and even outpaced GDP growth in terms of new deposits, but still lag their domestic competitiors.
The latest 2014 China Online Lending Industry Report reveals that China's P2P lending platform industry has grown rapidly both in terms of number of providers and turnover.
On March 1st, 2014, Shanghai FTZ has removed the cap for foreign currency deposit rates, which apply to small accounts with less than USD3 million. After the three-month pilot, the market seems to be running steadily and enterprises in the Shanghai FTZ now can ask for higher rates for their forex deposits with the banks.
With the increasing usage of mobile devices such as smartphones and tablet PCs, mobile internet is becoming a new traffic entry point for many internet players. Alibaba's free wifi deployment will facilitate their entry point.
In the 2013 annual report issued by the Peoples Bank of China (PBOC), the organization addressed the issues related to the Internet finance. What is the forward looking Internet finance strategy?
The 2014 year seems to be a year for banks to pad their capital base. Previous heated discussion was around Tier 1 capital sufficiency, after which additional capital has been supplemented via issuing preference shares by SPDB, Bank of China and Agricultural Bank of China.
People prefer to keep their information in a safe place, so do nations. After the PRISM scandal information security issues has become a concern for many countries.
On April 20th, the CEO of ICBC, quoting data from internal sources, claimed that the estimated scale of shadow banking in China is around RMB15-20tn, which is relatively small in scale to GDP when compared to shadow banking in more developed countries.
In addition, the leverage used in the Chinese shadow banking industry is not as large as other countries, so he argued that it is not necessary to worry about systematic risks in the Chinese financial system, but he still admitted there are non-systematic risks caused by shadow banking industry.
However, many independent financial analysts say that the scale and risk involved of shadow banking are underestimated and there might be increasing number of events happened in 2014 around shadow banking in China.
In recent years China's mobile internet has been developing quickly and had a great impact on people’s lives. The official figures show that by the end of 2013, China had approximately 500 million mobile internet users, a 25% increase over 2012. With the penetration of smartphones in China more users prefer to use mobile devices to deal with many daily tasks.