Saturday, October 8, 2022

China’s Auto Finance Companies Make 271 Billion Yuan in Loans in First Half, Drive over 3 Million in Car Sales

Auto finance companies in China supported the purchase of more than 3 million vehicles in the first half of 2022, according to figures from...

Sichuan Province Extends 220 Million Yuan in Financing to Rural Communities via “One Button” QR Code Loans

The Chinese central bank is leading a campaign to improve financial inclusion for rural communities in the vast inland province of Sichuan. In July,...

International Settlements by China’s Leading Commercial Banks Breaches US$10 Trillion: CBA

A report from the peak body for the Chinese banking sector points to a record high in international settlements by China's key commercial lenders....

China’s Banking Regulators Cancel Floor on Mortgage Interest Rates for Municipal Authorities

China's top banking regulators have given carte blanche to municipal government to determine the floor on interest rates for first-home loans independently of the...

Song Jianbin Set to Become Chair of Bank of Hangzhou, Vacate Role of President

Municipal lender Bank of Hangzhou is set to appoint 51-year old Song Jianbin (宋剑斌) as the new chair of its board of directors. Bank...

China Construction Bank Plans to Launch Consumer Finance Subsidiary with Wangfujing Group

One of China's big state-owned banks has grabbed preliminary approval from Chinese regulators for the launch of a new consumer finance company. On 27...

China’s Auto Finance Companies Make 271 Billion Yuan in Loans in First Half, Drive over 3 Million in Car Sales

Auto finance companies in China supported the purchase of more than 3 million vehicles in the first half of 2022, according to figures from...

International Settlements by China’s Leading Commercial Banks Breaches US$10 Trillion: CBA

A report from the peak body for the Chinese banking sector points to a record high in international settlements by China's key commercial lenders....

China’s Banking Regulators Cancel Floor on Mortgage Interest Rates for Municipal Authorities

China's top banking regulators have given carte blanche to municipal government to determine the floor on interest rates for first-home loans independently of the...

Postal Savings Bank of China Leads Launch of Green Bond Collateral Pools

Big state-owned lender Postal Savings Bank of China (PSBC) has taken the lead in efforts to drive the use of green bonds as collateral...

Chinese Central Bank Puts Finishing Touches on New Reloan Initiative Targeting Upgrades to Infrastructure and Equipment

On 28 September the People's Bank of China (PBOC) announced that it had finalised the relevant details for its equipment upgrade and improvement reloan...