China

The first 100 people have already started in Guangzhou and Shanghai.

Higher usage of the country's own payments network would cut its exposure to the US.

There is a popular analogy comparing artificial intelligence (AI) to electricity. Just like the role of electricity during the second industrial revolution, AI has the same potential to greatly transform how industries function and benefit humankind. However, this analogy in my opinion is over-simplified. The power of AI is much harder to standardize and harness, and it requires a far more collaborative effort to bridge existing gaps between academic research and solving real-world problems.

Inefficient credit could potentially lead to high systemwide divide.

People’s Daily accused the lender of lying about the tech giant.

Chinese banks will account for $398b losses in 2020.

Metrics include green finance share of total business mix.

This is a part of a crackdown on conglomerate-posed systemic risks.

The bank will digitalise their retail banking segment under his leadership.

The easing would free up funds for loans to support the economy.

The World Bank estimated that over 1.7 billion individuals remain unbanked today. The trend is reflected in Southeast Asia, where more than 70% of its adult population is either underbanked or unbanked, despite being one of the world’s largest and fastest growing regions, according to a study by Google, Temasek, Bain & Company on Asia's digital financial services.

The gain will likely last for the short term.

Outstanding non-performing loans totalled $514b in end-June.

China has become a significant market for the bank.

The economy has rebounded but demand roadblocks are still present.

The PBOC hopes to keep systematic risks at bay.