The Beijing No. 1 Intermediate Court kicked off its public trial of the key players behind fraudulent P2P lending platform Ezubao on 26 April.
China’s booming market in wealth management products is coming under pressure from regulators concerned about its contribution to the shadow banking sector.
The head of Australia’s central bank has called upon the Chinese government to moderate its capital control regime.
The Chinese government’s efforts to rein in capital outflows are spurring the expansion of a potentially risk-fraught market for dollar denominated bonds.
The mobile payments sector is enjoying flourishing growth in China, with non-bank fintech players beating out the established bricks and mortar banks.
The Chinese central bank has conducted further reverse repo operations to maintain liquidity on the market as a swathe of contracts mature.
The world’s biggest bank card company has launched plans to expand beyond its native China and contend against international payment incumbents MasterCard and Visa.
Chinese lenders have raised rates for first homebuyer loans continuously since the start of the year, as policymakers compel the banking sector to heavily curb issuance of new housing loans.
China’s central bank has flagged the launch of further measures to stymie sources of risk in the country’s lending and finance sectors.
China’s banking regulator has scaled back its restrictions on non-performing loans as part of efforts help lenders deal with burgeoning bad debt.