Wednesday, January 20, 2021
Fintech

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

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The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
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Economy

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

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China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...
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Economy

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

CBNEditor - 0
Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
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Fintech

China Bans Banks from Selling Depository Products via Third Party Online Platforms

CBNEditor - 0
Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...
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Banking

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

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The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...
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Economy

Private Investment the Key to Understanding China’s Economic Future: State-owned Media

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A leading state-owned economics journal has highlighted the importance of the recovery of private investment in the wake of efforts by China...
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Banking

FINTECH

Fintech

Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

CBNEditor - 0
The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...
Read more
Fintech

China Bans Banks from Selling Depository Products via Third Party Online Platforms

CBNEditor - 0
Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...
Read more
Fintech

Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank

CBNEditor - 0
The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...
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Finance

ECONOMY

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

Economy CBNEditor - 0
China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...
Read more

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Economy CBNEditor - 0
Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....
Read more

PBOC Says Enterprise Interest Rates Fell to Five Year Low in 2020, Hails 1.5 Trillion Yuan “Profit Sacrifice” by Chinese Banks

Banking CBNEditor - 0
The Chinese central bank has touted the success of efforts to reduce financing costs for businesses in 2020 during efforts to mitigate...
Read more

Private Investment the Key to Understanding China’s Economic Future: State-owned Media

Economy CBNEditor - 0
A leading state-owned economics journal has highlighted the importance of the recovery of private investment in the wake of efforts by China...
Read more

Nearly 3/4 of Chinese Mobile Payments Customers Were Daily Users in 2020

Economy CBNEditor - 0
A new report from the peak body for China's payments sector indicates that nearly three quarters of Chinese mobile payments users made...
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