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China Credit Growth Accelerates Though Real Demand Remains Weak

China’s recent monetary policy easing has shown some effect, but not enough to significantly lift credit
In Landmark Case, Wenzhou Court Approves China’s First De Facto Personal Bankruptcy

A court in eastern China has made a landmark ruling in the country’s first de facto personal bankruptcy
Shanghai Gives First-Time Buyers Mortgage Relief

Shanghai has decided to allow banks to keep mortgage rates for the city’s first-time buyers below the
Finance Ministry to Transfer $16 Billion in Equities to Pension-Shortfall Fund

The Ministry of Finance will transfer around 115 billion yuan ($16.1 billion) in state assets to the
Another Finance Veteran Gets Senior Provincial-Level Job

Another financial industry veteran has been given a role in provincial-level leadership, the third since
China Approves Private Bank Backed by Wuxi Companies

China’s banking regulator cleared the creation of a second private bank this year after a two-year hiatus
Founder of P2P Lender Confesses to Illegal Fundraising, Police Say

The controller of a peer-to-peer (P2P) lending platform has turned himself into Shanghai police and confessed
Shanghai Tycoon Confesses to Fraud in P2P Lending Case

A Shanghai tycoon has turned himself in to police and confessed to fraud relating to his peer-to-peer
Standardized Notes Aim to Boost Liquidity for Smaller Financial Institutions

Shanghai Commercial Paper Exchange Corp. Ltd. (SCPE), which operates the national bill trading platform,
Another Peer-to-Peer Lending Platform Stumbles

Laocaibao, a peer-to-peer (P2P) lending platform ultimately owned by private conglomerate Zendai Group,