Thursday, October 29, 2020
Tags Chinese credit

Tag: Chinese credit

2020 Full Year Renminbi New Lending to Approach USD$2.82 Trillion: Chinese Central Bank Governor

People's Bank of China (PBOC) chief Yi Gang (易纲) forecasts copious credit growth in 2020 following the economic impacts of the COVID-19...

New Renminbi Lending at 905.7 Billion Yuan in February, M2 Rises 8.8% YoY

The People's Bank of China (PBOC has just released its latest round of figures on China's monetary system in the month of...

Chinese Central Bank Plans to Launch Second Generation Personal Credit System in Late January

Sources from the People's Bank of China (PBOC) have indicated that it plans to launch its "second generation" personal credit system by...

Chinese Central Bank Revokes Business Filings for Wanda Credit, Three Other Credit Firms in Shanghai

The Shanghai branch of the People's Bank of China (PBOC) has announced the revocation of the credit business filings for four credit...

PBOC Report Highlights Accelerated Growth in Financial Inclusion Loans

A report from the Chinese central bank points to accelerated growth in financial inclusion loans.

Outstanding Total Social Financing up 10.7% YoY in August

The latest data from the Chinese central bank points to a more than 10% rise in outstanding total social financing for the...

Total Social Financing Increases 13.23T Yuan in H1 2019, up 3.18T Yuan YoY

The latest figures from the Chinese central bank point to a sizeable YoY rise in total social financing in the first half...

Beijing Plans to Downgrade Personal Credit Ratings for Eating and Drinking on Subway System

The municipal government of Beijing has unveiled plans to punish the credit ratings of citizens for improper behaviour on the metro system....

Per Capita Bank Card Ownership in China Hit 5.46 in 2018, Average Card Spending at 12,200 Yuan

A new report from the Chinese central bank on the domestic payments points to an ongoing rise in per capita bank card...

Chinese Debt to Expand in 2019 Yet Shadow Banking Risk on the Wane: Morgan Stanley

US investment bank Morgan Stanley expects China's debt-to-GDP ratio to continue to rise in 2019, yet management of risk by the Chinese...

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China’s Digital Trade Surplus Rises 46.1%

A new report points to a surge in China's digital trade surplus in 2019, as Beijing steps up efforts to drive the...

Xiamen Bank Shares Rise over 40% on First Day of Trading in Shanghai, 17 Other Lenders Await A-share IPO’s

Fujian province lender Xiamen Bank has seen shares surge over 40% on its first day of trading, boding well for over a...

Shanghai Launches Insurance Blockchain Innovation Centre

Shanghai has just seen the establishment of a new insurtech research institute that focuses on blockchain applications.

Inaugural List of China’s Top 10 Fintech Companies Released by Hurun Report

The Hurun Report has just released its first list of the top 10 enterprises in China's fintech sector in terms of value....