Monday, March 1, 2021
Tags Chinese consumer finance

Tag: Chinese consumer finance

Finance

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

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

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

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

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

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

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

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

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

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

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

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

Consumer Finance Customer Numbers in China Rise 52.29% in 2019

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

Ant Group to Launch Consumer Finance Company in Chongqing

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

China Everbright Bank Obtains Approval for Consumer Finance Operations in Beijing

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

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

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

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

Economy CBNEditor - 0
Grain production in China edged higher in 2020 despite the adverse economic impact of COVID-19.
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Average Disposable Incomes in China Rise 4.7% in 2020 Despite Impact of COVID-19

Economy CBNEditor - 0
Official data points to a sizeable rise in disposable incomes in China last year despite the adverse economic impacts of the COVID-19...
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ByteDance Shuffles Senior Execs at Toutiao and TikTok

Fintech CBNEditor - 0
TikTok-owner ByteDance has made adjustments to key executives at the helm of its leading social media and news content platforms.
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Bank of China Appointed Liu Jin, Former Head of China Everbright Bank, as President

Banking CBNEditor - 0
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...
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