Friday, January 22, 2021
Tags Banking regulation

Tag: Banking regulation

Bank of Communications Penalised Eight Times for Infractions in 2017

One of China's big five lenders has just incurred further censure from banking authorities for regulatory infractions, bringing the total number of penalties it's...

“Strong Regulation, Strong Accountability” Set to Be New Normal for Chinese Banks

As Beijing pushes through with supply-side structural reforms, China's banking authorities are seeking to make "strong regulation, strong accountability" (强监管,抢问责) the new normal for the...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.