Thursday, October 22, 2020
Tags Chinese financial inclusion

Tag: Chinese financial inclusion

Suning Finance Teams up with XWBank to Provide Digital Supply Chain Financing to Small Business

The finance vehicle of Chinese retail giant Suning has entered an agreement with a leading digital bank in China to provide digital...

Chinese Policy Bank ADBC Enters Cooperative Agreement with Alibaba’s Online Lender MYBank

Agricultural Development Bank of China (ADBC) and Alibaba-backed MYBank have launched what is reportedly the first comprehensive strategic partnership between a policy...

PBOC Unveils Plans for Financial Inclusion Trials at Cities in Jiangxi and Shandong Province

The Chinese central bank and a slew of other central government agencies have jointly unveiled plans for financial inclusion trials in three...

Financial Inclusion Lending to Micro and Small Enterprises up 28.4% in First Half of 2020

China's financial inclusion drive has resulted in a surge in lending to micro and small-enterprises in the first half of 2020.

Tencent’s WeBank Designs New Credit Card for Small Businesses

Tencent-backed online lender WeBank has just issued a new credit card product that specifically targets micro-and-small enterprises.

Chinese Central Bank Chief Calls for Monetary and Lending Policy to Become More Targeted

Yi Gang, governor of the People's Bank of China (PBOC), has flagged efforts to make China's monetary and lending policy more "targeted"...

China Development Bank First Half Lending Hits 1.87 Trillion Yuan

One of China's big three policy banks has stepped up lending in the first half of 2020 to help the economy weather...

Microfinance Companies in China See Outstanding Loans Decline by USD$4.83 Billion in First Quarter of 2020

The latest data from the Chinese central bank points to sizeable declines in both the number the outstanding loan balance of Chinese...

COVID 19 Accelerates Fintech Adoption in China, Drives Financial Services Online: Du Xiaoman Financial CEO

The head of Baidu's fintech spinoff has highlighted the role of the COVID-19 pandemic in driving the use of online financial services...

Chinese Banks Double Issuance of Micro-Finance Bonds in First Half of 2020

Chinese banks have stepped up their issuance of bonds to raise funds for small and micro-financial services in the first half of...

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Chinese Central Bank Helps Crack Cross-border Gambling Case Involving Tether Stablecoin

The People's Bank of China (PBOC) has just helped local authorities in the Guangdong province city of Huizhou to crack a cross-border...

Chinese Central Bank’s Digital Currency Research Institute Enters Strategic Cooperation with China’s Rural Credit Clearing Centre

The Digital Currency Research Institute of the People's Bank of China (PBOC) has entered a strategic cooperative agreement with the Rural Credit...

Chinese Housing Prices Enter the “10,000 Yuan Era”

Domestic analysts say that the Chinese housing market has just seen average prices rise permanently above the threshold of 10,000 yuan (approx....

NDRC Is “Confident” Chinese Economy Will Meet Annual Targets for 2020, Says Employment Has Risen Nearly 9M Since Start of Year

China's National Development and Reform Commission (NDRC) says it is confident that the Chinese economy will satisfy the full-year targets set by...