Last week, Weibo censors took down a post by a popular food blogger describing how all her bank accounts were frozen due to a local police department’s arbitrary and unprofessional “anti-fraud” case work. Her Kafka-esque account...
On April 6, a Weibo user from Zhejiang province reported a case of local anti-fraud center overreach that resulted in his bank cards and Alipay account being frozen after he made a work-related call to a Singaporean bank. In a...
“Voices of June” continues CDT’s monthly “Voices of …” collection of viral audio-visual content from pandemic lockdowns in Shanghai and other Chinese cities. Inspired by the original audio-visual compilation “Voices of April,”...
Hundreds of bank depositors clashed with police in Zhengzhou, the provincial capital of Henan, in a major escalation of a simmering conflict between rural customers and a consortium of likely insolvent local banks that have...
As citizens revolt against never-ending lockdowns and local governments “resolutely struggle against all distortions, doubts and denials” of Xi Jinping’s zero-COVID policy, as recently ordered by the Politburo Standing...
On a month when hardly a day has gone by without new developments in Beijing’s campaign to crush resistance in Hong Kong, financial institutions have become the latest front in the conflict between Beijing and its...
While TikTok has taken Huawei’s place as the main corporate focal point for escalating tensions between China and the United States, the difficulties of navigating this conflict are confronting companies across a much...
A Shandong court has sentenced Jiang Xiyun, the former chairman of the embattled Hengfeng Bank, to death with a two-year reprieve for taking bribes, destroying records, and illegally issuing financial notes. Jiang’s...
The following censorship instructions have been leaked and distributed online. China Construction...
The South China Morning Post’s George Chen reports that China’s central bank has...
The following censorship instruction, issued to the media by government authorities, has been...
Yao Jingyuan, former spokesman and chief economist of the National Bureau of Statistics, has...
As a rise in short-term interest rates has stoked fears of tightened liquidity, China’s...
Marketplace reports on the “shadow banking” system of unofficial loans, which is...
The ratio of non-performing loans on the balance sheets of Chinese banks declined in 2012, according to their latest earnings reports, but does that indicate an improving bill of health for the financial sector? A new Reuters...
As if the mounting pile of failed loans to local governments isn’t enough of a concern on its own, The Diplomat’s Minxin Pei writes that the hidden debt – the product of off-balance sheet “shadow...
Following last weekend’s interest rate cuts by The People’s Bank of China, which signaled a move toward a more market-based banking system, The Wall Street Journal reports that China’s banks will likely feel...
With China posting its lowest quarterly GDP rise since 2009, The Diplomat’s Minxin Pei writes that while state control of the Chinese banking system may help to avoid a seizure in the short-term, the economy’s...
Click on the image to download Firefly for circumvention
CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.
