Compared with the slow pace of policy formulation at the central level, as provided in my previous report titled ‘China’s gradual development of Islamic finance — the central government perspective’ (Volume 16 Issue 23) dated the 7th June 2019, attempts by various provinces and cities to carry out Islamic financial business are more active. As the only Hui Autonomous Region in China, Ningxia has the unique advantages and conditions for developing Islamic finance. In December 2009, Ningxia Bank became the....