Monday, March 1, 2021
Tags Chinese consumer finance

Tag: Chinese consumer finance

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...

CBIRC Highlights Corporate Governance Problems with Four Types of Non-bank Financial Institutions

China's banking regulator has rung the alarm about corporate governance problems with a slew of non-bank financial institutions.

Ant Group Slashes Credit Quotas for Younger Users of Huabei Consumer Finance Product

Chinese fintech giant Ant Group has dramatically reduced the amount of credit available via its Huabei (花呗) consumer finance product for certain...

DiDi Chuxing Trials Payments on Credit, Analysts Predict Further Expansion of its Financial Services

Chinese ride sharing platform DiDi Chuxing has launched trials for the acceptance of payments on credit, in a move that some analysts...

CBIRC Loosens Consumer Finance Regulations, Reduces Provisions Coverage Ratio to 130%

China's banking regulator has taken measures to loosen restrictions on the activities of consumer finance companies.

Chinese Consumer Finance Companies Hit by COVID-19 in First Half

The first half performance reports of over a dozen licensed consumer finance companies in China point to a highly variable performance...

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

A new report on the consumer finance sector in China points to a surge in customer numbers in 2019.

Ant Group to Launch Consumer Finance Company in Chongqing

Chinese finch giant Ant Group plans to expand into the consumer finance sector with the launch of a new joint-venture in the...

China Everbright Bank Obtains Approval for Consumer Finance Operations in Beijing

Commercial lender China Everbright Bank has just obtained approval for its consumer finance vehicle to commence operations in the Chinese capital.

PBOC Warns Commercial Banks over Joint Consumer Loans Made via Ant Group Platforms

The People's Bank of China (PBOC) has issued an emergency warning to Chinese commercial banks due to concerns over the joint provision...

Most Read

Chinese Grain Production Rises 0.9% in 2020 to 669.49 Million Tonnes

Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.

Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...

ByteDance Shuffles Senior Execs at Toutiao and TikTok

TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.

Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Bank of China (BOC) has announced the appointment of a veteran of China's state-owned and joint-stock banking sector to the position of...