Tuesday, May 18, 2021
Tags Chinese credit cards

Tag: Chinese credit cards

Credit Card Defaults Surge, NPL Rates Exceed 4% in Parts of China

Official data points to a surge in credit card operations in China, triggering concerns amongst the authorities over an accompanying rise in...

PBOC Could Delay Visa and Mastercard’s Renminbi Debuts Indefinitely

The Chinese central bank is stalling on applications made by overseas payment card giants to process renminbi payments, despite the much-vaunted launch of measures...

Chinese Credit Cards See “Great Leap Forward” Since Start of 2017

The number of credit cards issued by banks in China has seen an abrupt surge since the start of 2017 according to data from...

Chinese Consumers Use Credit Cards to Invest in Real Estate and Stocks

Chinese consumers are increasingly making illicit use of their credit cards to obtain cash for investment in real estate. The problem of the illicit "cashing"...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...