Saturday, October 24, 2020
Tags Chinese consumer finance

Tag: Chinese consumer finance

Chinese Consumer Finance Companies Hit by COVID-19 in First Half

The first half performance reports of over a dozen licensed consumer finance companies in China point to a highly variable performance...

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

A new report on the consumer finance sector in China points to a surge in customer numbers in 2019.

Ant Group to Launch Consumer Finance Company in Chongqing

Chinese finch giant Ant Group plans to expand into the consumer finance sector with the launch of a new joint-venture in the...

China Everbright Bank Obtains Approval for Consumer Finance Operations in Beijing

Commercial lender China Everbright Bank has just obtained approval for its consumer finance vehicle to commence operations in the Chinese capital.

PBOC Warns Commercial Banks over Joint Consumer Loans Made via Ant Group Platforms

The People's Bank of China (PBOC) has issued an emergency warning to Chinese commercial banks due to concerns over the joint provision...

China’s Banking Regulator Restricts Individual Consumer Loans to Less than $29,000

The China Banking and Insurance Regulatory Commission (CBIRC) has released new measures that place strict limits on consumer loans.

China’s Rural Banks Eye Launch of Their Own Consumer Finance Vehicles

Another one of China's rural banks has unveiled plans to launch its own consumer finance subsidiary.

Ping An’s Consumer Finance Vehicle Grabs Approval to Commence Operations

Financial conglomerate Ping An Insurance has just obtained approval from regulators for its consumer finance vehicle to commence operations.

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

Chinese tech giant Xiaomi has obtained approval from China's banking regulator for the establishment of a consumer finance company.

Chinese Consumer Loans Hit USD$1.9 Trillion in Total

A new report from Baidu spin-off Du Xiaoman on consumer finance in China points to ongoing rapid growth in the sector on...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...