Friday, October 30, 2020
Tags Chinese online lending

Tag: Chinese online lending

“Jucai Cat” and Related Lending Platforms Accused of Illegally Raising USD$10.8B

An online lending group in Shanghai stands of accused of illegally raising over 73.5 billion yuan (approx. USD$10.78 billion) in funds.

Everbright Bank Extends over 1 Trillion Yuan in Loans Via Online, Contact-free Channels

Commercial lender China Everbright Bank has stepped up its usage of existing online fintech channels to extend loans in the wake of...

New York-listed Weidai Withdraws from P2P Lending Operations Following 56.52% Drop in Net Profits

Another one of China's online lenders has shut up operations following a crackdown on the P2P lending sector launched by Chinese regulators...

XWBank and China’s Policy Banks to Provide Interest Free Vouchers via Alipay for 10 Billion Yuan in Small Business Loans

Private online lender XWBank is working with China's big three policy banks to provide interest free loans to businesses in 81 cities...

P2P Platform Xiaoniu Online Becomes the Latest in China to Close Shop

Xiaoniu Online (小牛在线) is the latest P2P platform to shut down operations following the launch by Chinese authorities of a heavy-handed crackdown...

CBIRC’s New Online Lending Rules Ban Speculation on Property and Stocks, Limit Consumer Loans

China's banking regulator has issued the draft version of new online lending rules that seek to contain risk across a broad range...

Online Lender XWBank Files 139 Patents for AI, Big Data, Distributed Ledger Technology

Sichuan-based online lender XWBank (新网银行) says it's stepping up its independent fintech research and development capabilities.

CBIRC Issues Draft Commercial Bank Internet Lending Measures, Plans to Prohibit Outsourcing of Key Risk Operations

Chinese regulators continue to target risk in the online lending sector with the unveiling of an updated draft version of measures that...

P2P Lending Platforms in China Drop Below 600 as Regulators Step up Pressure

The number of regularly operating P2P platforms in China has fallen beneath the threshold of 600 to a new historic low, following...

“Foreigners Misunderstand China’s P2P Lending Industry”

Opinion piece by Dee Hung The rocketing growth of China’s P2P lending business has attracted...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...