web analytics
Tuesday, November 24, 2020
Tags Chinese consumer finance

Tag: Chinese consumer finance

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...

China’s Banking Regulator Restricts Individual Consumer Loans to Less than $29,000

The China Banking and Insurance Regulatory Commission (CBIRC) has released new measures that place strict limits on consumer loans.

China’s Rural Banks Eye Launch of Their Own Consumer Finance Vehicles

Another one of China's rural banks has unveiled plans to launch its own consumer finance subsidiary.

Ping An’s Consumer Finance Vehicle Grabs Approval to Commence Operations

Financial conglomerate Ping An Insurance has just obtained approval from regulators for its consumer finance vehicle to commence operations.

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

Chinese tech giant Xiaomi has obtained approval from China's banking regulator for the establishment of a consumer finance company.

Most Read

Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

China’s Per Capita Income to Leap 56 Places in Global Rankings by 2025, Exceed USD$25,000

China's global ranking in terms of per capita incomes is expected to surge over the next half-decade according to data from Bloomberg...

China’s Leading Economists Calls for Maintaining COVID-19 Stimulus Measures

Leading economics figures in China have signalled the maintenance of robust monetary and fiscal stimulus policies in the wake of the COVID-19...

Digital Yuan Will Account for 15% of All Consumer Payments within a Decade, Give Banks Fighting Chance against Fintech Rivals: Goldman Sachs

A report from Goldman Sachs says that increasing use of China's central bank digital currency (CBDC) could help banks to withstand the...