Wednesday, April 14, 2021
Tags Chinese consumer loans

Tag: Chinese consumer loans

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.

Consumer Lending Rates Drop Beneath Loan Prime Rate in China as Banks Vie for High-end Clients

Competition amongst Chinese banks for the consumer finance market has driven rates for some forms of consumer lending beneath the benchmark loan...

Consumer Loan Growth Plunges in First Half of 2019

Official data points to a sizeable decline in consumer loan growth in China in the first half of 2019.

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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...