Tags Chinese consumer finance

Tag: Chinese consumer finance

Finance

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

CBNEditor - November 10, 2020 0

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

Finance

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

CBNEditor - September 24, 2020 0

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

Economy

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

CBNEditor - August 21, 2020 0

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

Fintech

Ant Group to Launch Consumer Finance Company in Chongqing

CBNEditor - August 21, 2020 0

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

Banking

China Everbright Bank Obtains Approval for Consumer Finance Operations in Beijing

CBNEditor - August 11, 2020 0

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

Banking

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

CBNEditor - July 28, 2020 0

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

Banking

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

CBNEditor - July 17, 2020 0

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

Banking

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

CBNEditor - April 27, 2020 0

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

Fintech

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

CBNEditor - April 10, 2020 0

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

Finance

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

CBNEditor - January 20, 2020 0

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

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

Fintech CBNEditor - November 23, 2020 0

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

Tag: Chinese consumer finance

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