Dong XimiaoAssociate Dean of Chongyang Institute for Financial Studies at Renmin University of China.
Expertise : Commercial Bank; Financial Reform
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Dong Ximiao is Associate Dean of Chongyang Institute for Financial Studies at Renmin University of China. He is Former Executive Dean of Research Institute of Hengfeng Bank, observer of Retail Banking, renowned commentator on finance and economics, Senior Economist and Financial Planner. He owns many years experience of banking and has served as managers in provincial branches of some large-scale commercial banks. He presented the concept of the Vast Retail Banking completely, did some research and published many articles about that. Currently his book Interesting Finance just published.
Nationality inclusion in China's credit system means equal treatment for foreigners
China's credit reporting system has not yet included information on utility payments, which was heatedly discussed online in recent days, as more effort is needed to address problems like data accuracy, an official said Monday....2019-04-23
Individual investors scramble to buy local government bonds
The Ministry of Finance (MOF) has approved the sale of local government bonds directly to individuals as well as small and medium-sized institutional investors at commercial bank counters, triggering massive investor enthusiasm....2019-04-18
China's credit database needs clear standards, rules
China's soon-to-be-released version of personal credit reports, which will cover almost every aspect of daily life, including overdue water and phone bills, has sparked heated discussion online, as many question the standards involved and provisions for data protection. ...2019-04-10
Social credit to become ‘second ID, invisible resume’ for Chinese people
China is set to release an updated version of its personal credit report as part of the country's broader efforts in strengthening its social credit system. The report, which will cover almost every aspect of daily life including overdue water and phone bills as well as spouse information, will become a "second ID and invisible resume" for citizens, analysts said....2019-04-08
China banks face huge capital hole as stimulus spurs lending
Listed Chinese banks will need to raise about $260bn in fresh capital over the next three years as regulations force shadow-bank loans back on to balance sheets and global rules on systemically important groups impose extra requirements on the largest lenders. ...2019-03-20
Mastercard JV plan in line with China’s opening-up policy
A reported attempt by Mastercard to form a joint venture (JV) with Chinese online payment clearing house NetsUnion Clearing Corp (NUCC) is in line with China's opening-up effort in the financial market, analysts said....2019-02-25
Solid Progress in Curbing Financial Risks
'Current financial risks have generally retreated, and initial success has been achieved in amending financial dysfunction," read a report on China's financial stability issued by the People's Bank of China (PBC), the central bank, at the end of 2018....2019-01-09
China’s central bank cuts RRR, releasing $218.4 billion
China's central bank announced on Friday that it will cut banks' reserve ratio by 1 percentage point to boost the economy while keeping monetary policy prudent in 2019....2019-01-07
"2016: G20 and China"
This book from the "history" of the G20's past and present, a comprehensive discussion of the G20's origin and role, agenda,