PCDI in Guangzhou and Shenzhen ranks among top 10 in China

In the first half of this year, the per capita disposable income (PCDI) of key cities has increased significantly due to the control of pandemic and the recovery of the economy. In the first six months of 2021, the top ten cities of the PCDI were: Shanghai, Beijing, Hangzhou, Shenzhen, Guangzhou, Ningbo, Suzhou, Shaoxing, Xiamen and Nanjing. Resident income is

Guangzhou and Shenzhen getting head start in bank account reform

From July 26, the pilot program of settlement account integrating domestic and foreign currencies has been officially launched in four cities – Guangzhou, Shenzhen, Fuzhou and Hangzhou. The new program makes possible the access to settlement services of various currencies with only one bank account. This marks a breakthrough of Guangdong bank system reform, with Guangzhou and Shenzhen leading the