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Monthly Archives: June, 2019

Baihang Credit Executes Cooperative Agreements with over 700 Chinese Financial Institutions

China's only licensed personal credit agency has just seen its first major change in executive personnel, after enjoying rapid growth in the number of...

Chinese Central Bank Leads Launch of Linked Enterprise Information System with Eight Participating Banks

The People's Bank of China (PBOC) has led the launch of a linked enterprise information system with several of the central government's top regulatory...

Baidu and Sina Step up Investment in China’s Consumer Finance Sector

Tech giants Baidu and Sina have both recently adopted measures to shore up their presence in China's consumer finance sector. On 24 June the...

CBIRC Calls for Increase in Lending to Micro-Enterprises, Reduction in Collateral Dependence

China's banking regulator has issued another call for lenders to step up support for micro and small enterprises (MSE) that have traditionally struggled to...

Regional Banks Penalised for Excessive Loan Concentration, Use as “ATM’s” by Top Shareholders

Smaller-size regional banks in China have come under scrutiny for the excessive concentration of lending towards certain borrowers, as well as claims that key...

Ping An Applies Automated Blockchain-driven Smart Contracts to All Operations

Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations. According to a report from Sina all...

Growth in Chinese Bank Credit Transactions Hits Five Year High of 24.9% in 2018

China's credit card numbers and credit card transaction amount both saw surging growth in 2018. Data from the "China Bank Card Industry Growth Blue...

Ant Financial’s MYBank Sees 10-fold Increase in Small Enterprise Customers in Three Years

Ant Financial-backed internet lender MYBank hopes to bring its online financial services to "all roadside stalls in China" after posting surging client growth over...

China’s Micro and Small Loan Balance Breaches 10 Trillion Yuan, NPL Rate Under 6%

The latest data from China's financial authorities points to a sharp rise in financially inclusive lending since the start of 2018. Zhang Jinping (张金萍),...

People’s Daily Warns China’s Online Lending Platforms against Illegal Collection of Services Fees

The flagship newspaper of the Chinese Communist Party has published a news story warning online lending platforms that the collection of exorbitant services fees...

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